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3. Farm assets (A) = $1,200,000, and the cost of farm debt (COFD) = 7.75%. The farmer's initial investment in the farm was $200,000,

3. Farm assets (A) = $1,200,000, and the cost of farm debt (COFD) = 7.75%. The farmer's initial investment in the farm was $200,000, and since then the farm has generated $50,000 in accumulated profits. - What are the ROFE and the ROFA during the period since the farmer's initial investment? - What is the farmer's interest expense (Ia)?

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