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Dickens Corp wants to buy a 100-acre tract of land. The owner will sell it for a cash price of $175,000, but Dickens offered to
Dickens Corp wants to buy a 100-acre tract of land. The owner will sell it for a cash price of $175,000, but Dickens offered to pay for the land in five annual installments of $40,000 each, the first one is due at the end of one year. Find the cost of capital for Dickens the two prices to be equivalent
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