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Sand Burry Regional airport is conveniently located in the heart of Central Massachusetts. The airport offers a $5.0 million passenger terminal. What is the theoretical
Sand Burry Regional airport is conveniently located in the heart of Central Massachusetts. The airport offers a $5.0 million passenger terminal. What is the theoretical value of the airport with the net annual cash flow of a $500,000, and a $100,000 annual expense in perpetuity, if the opportunity cost of capital is 10%?
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