Question $2$

Assume there are two plots of vineyard land, $x$ and $Y.$ If $x$ costs twice as much as $Y$ and rents and discount rates are the same for each plot, the price difference can only be caused by different growth rates.

a$)$ For both plots, provide an abstract equation for the growth rate g$.$ Denote plot $Y\text{'}$s price $"$NPV:$"$

b$)$ Based on your answer to $($a$),$ and assuming that the price$-$to$-$rent ratio for plot $Y$ equals $14$ and $i=0\mathrm{.}04.$ What are the respective growth rates $?$ Report $2$ percent$-$decimals, e$.$g$.,2\mathrm{.}22\%.$