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Lara Technologies is considering a cash outlay of $195,000 for the purchase of land, which it could lease out for $34,000 per year. If alternative

Lara Technologies is considering a cash outlay of $195,000 for the purchase of land, which it could lease out for $34,000 per year. If alternative investments that yield a 16% return are available, the opportunity cost of the purchase of the land is

$2,800

$65,200

$34,000

$31,200

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