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10 points Save Answe Dr. Heinz Doofenshmitz rents a buiding where he plans to build his magnificent inator factory for $30,000. Dr Doofenshmitz has an

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10 points Save Answe Dr. Heinz Doofenshmitz rents a buiding where he plans to build his magnificent inator factory for $30,000. Dr Doofenshmitz has an option of buying the building from Perry the Platipus for $400,000. Dr. Doof has more than that in his bank savings account that pays 6 percent per year. Should Dr. Doofenshirt buy the building or just renew his lease annualy, assuming the interst rate and real estate market in the Tri-state area is not about to chnage? Bruely explain it and how opportunity cost enters the picture. Assume to incoe or real estate taxes or liabities. For the toolbar, press ALT=F10 (PC) ON ALTFN*F10 (Mac), BI & Paragraph Arial 10pt 21 % 0 Q 111 A O WORDS POWERED BY TINY

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