Multiple Choice
Storage USA is considering expanding their operations. The company owns a lot near the present facility on which a new building can be constructed. The land was purchased 10 years ago for $50,000 and now has a market value of $180,000. Assuming a tax rate of 35%, calculate the opportunity cost of the land.
A) $130,000
B) $134,500
C) $ 84,500
D) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
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