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b. What is your opportunity cost if your firm uses the rig? Return from rent = $1.1mil - $0.5mil = $0.6mil Return from selling =

b. What is your opportunity cost if your firm uses the rig? Return from rent = $1.1mil - $0.5mil = $0.6mil Return from selling = $6mil * 0.09 = $0.54mil

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