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Washington-Atlantic invests $4 million to clear a tract of land and to set our some young pine trees. The trees will mature in 10 years,
Washington-Atlantic invests $4 million to clear a tract of land and to set our some young pine trees. The trees will mature in 10 years, at which time Washington-Atlantic plans to sell the forest at an expected price of $8 million. What is Washington-Atlantic’s expected rate of return?
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Engineering economy
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