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9. Jason is evaluating the idea to open an ice cream shop on a piece of land. The followings are what he is. considering: -

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9. Jason is evaluating the idea to open an ice cream shop on a piece of land. The followings are what he is. considering: - Jason bought the land for $350,000 two years ago. - Instead, if he sells it today, he could earn $400.000 after taxes. - Jason has already paid $20,000 for a consultant report to understand the demand for ice creams. - If the report suggests a strong need, then he plans to purchase the machine to produce ice creams for 550,000 What are the sunk costs for opening the ice cream shop? $350,000 $20.000 $420,000 5370000

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