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Assume you have a chance to rent 1,000 acres of cropland for 6 years. You can raise only wheat. Your problem is to develop an

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Assume you have a chance to rent 1,000 acres of cropland for 6 years. You can raise only wheat. Your problem is to develop an enterprise budget to see if this venture will be profitable before you sign the lease and purchase the necessary machinery. A. MACHINERY NEEDED (Use only for the 1,000 acres of wheat.) B. MACHINERY CALCULATIONS - AVERAGE ANNUAL FIXED COSTS QUS 8% opportunity cost for capital.)

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