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Lara Technologies is considering a cash outlay of $206,000 for the purchase of land, which it could lease out for $37,420 per year. If alternative

  1. Lara Technologies is considering a cash outlay of $206,000 for the purchase of land, which it could lease out for $37,420 per year. If alternative investments that yield a 17% return are available, the opportunity cost of the purchase of the land is

    a.$35,020

    b.$2,400

    c.$72,440

    d.$37,420

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