.loe wants to start his own business. The business he wants to start will require that he purchase a factory that costs $400,000. Joe currently
.loe wants to start his own business. The business he wants to start will require that he purchase a factory that costs $400,000. Joe currently has $500,000 in the bank earning 3 percent interest per year. IfJoe purchases the factory with his own money, what is the annual cost of capital? 5
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