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A building is costing OMR 15,000 out of which OMR 5,000 is towards cost of land and the remaining for building. The building is expected

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A building is costing OMR 15,000 out of which OMR 5,000 is towards cost of land and the remaining for building. The building is expected to have a useful life of 10 years. It requires to spend OMR 1,000 for the annual repairs, OMR 500 towards property tax and 10% of building cost towards insurance. The opportunity cost of the amount used to purchase the building is expected to be 15%. Alternatively, we can lease the building with an annual rent of OMR 2,000 and incur cost of property taxes, insurance, and annual repairs. Evaluate the Opportunity Cost of the amount used to purchase the building. Select one: O A. OMR 2,550 B. None of the given options O C. OMR 4,800 O D. OMR 1,500

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