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3. Bigfoot Shoe Co. is considering buying some vacant land that is selling for $280,000. They think they will be able to sell the land

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3. Bigfoot Shoe Co. is considering buying some vacant land that is selling for $280,000. They think they will be able to sell the land for $400,000 in 5 years. If they can earn 10% on their money, what is the most Bigfoot should pay for this land today

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