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John is considering opening a restaurant in his home town. 5 years ago John inherited a prime commercial lot in a growing part of town

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John is considering opening a restaurant in his home town. 5 years ago John inherited a prime commercial lot in a growing part of town from his grandfather. When lohn is doing the analysis to determine whether he should open a restaurant on the commercial lot that he owns, how should he treat the land value of the land in the analysis? Select one: In the NINV for the restaurant project, John should list the cost of the land as zero because he already owns the land. In the NINV for the restaurant project, John should list the cost of the land as the price that his grandfather paid for the land. In the NINV for the restaurant project, John should list the cost of the land as current depreciated value of the land. In the NINV for the restaurant project, John should list the cost of the land as the value of the land at the time that he inherited the land. In the NINV for the restaurant project, John should list the cost of the land as the current market value of the land

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