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11. You can buy a piece of land today for $15,000, including the cost of some minor repairs. You expect to be able to resell

11. You can buy a piece of land today for $15,000, including the cost of some minor repairs. You expect to be able to resell it in one year for $16,000. At a discount rate of 8 percent, what is the expected net present value of this purchase opportunity? Would you buy it? Why? Show your formula/calculation? Urgent

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