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Economics 9. A 43,000 square foot greenhouse structure costs $2,400,000 to construct. This structure should earn an after-tax income of $160,000 annually for its expected
Economics
9. A 43,000 square foot greenhouse structure costs $2,400,000 to construct. This structure should earn an after-tax income of $160,000 annually for its expected life of 25 years when it will have no salvage value. The farmer's cost of capital is 8 percent. Calculate the net present value.
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