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James withdrew$250,000 from his own savings account in order to purchase a hardware store.After one year, James sold the business for $320,000. Assuming thatJames' bank

James withdrew$250,000 from hisownsavings account in order to purchase a hardware store.After one year, James sold the business for $320,000.

Assuming thatJames' bank always pays its savings account holdersan annual interest rate of 15%, what is his economic profit from the sale of the hardware store?

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