loan wants to buy land to expand her farm. She estimates one property would generate $780 ber acre in crop sales while costing $505 per acre in operating costs. If the real expected rate of return is 11.90%, calculate the estimated land value per acre. O $3,121 O $3,272 O $2,311 O $2,423 O None of the above

loan wants to buy land to expand her farm. She estimates one property would generate $780 ber acre in crop sales while costing $505 per acre in operating costs. If the real expected rate of return is 11.90%, calculate the estimated land value per acre. O $3,121 O $3,272 O $2,311 O $2,423 O None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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