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ii) Calculate the net present value (NPV) of a plot of land that is x miles from the coast and devoted to agricultural in perpetuity.

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ii) Calculate the net present value (NPV) of a plot of land that is x miles from the coast and devoted to agricultural in perpetuity. In Excel plot the NPV of agricultural land with distance from the coast x on the horizontal axis (use x = 1, 2, 3, 15)

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