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A parcel of farmland is projected to generate a $200 annual return per acre. If the discount (capitalization) rate is 8%, what is the parcels

A parcel of farmland is projected to generate a $200 annual return per acre. If the discount (capitalization) rate is 8%, what is the parcels per-acre value according to the capitalization equation? (Round your answer to the nearest cent $XXXX.XX)

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