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Six months ago, you purchased a tract of land in an area where a new industrial park was rumored to be planned. This land cost

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Six months ago, you purchased a tract of land in an area where a new industrial park was rumored to be planned. This land cost you $130,000, and the seller offered you an interest-free loan for 70 percent of the land cost. Today, the industrial park project was formally announced, and an attorney for the dever has just offered you $220,000 for your land. If you accept this offer, what will be your holding period return on this investment? Round your answers to two decimal places. Holding Period Return (\%) based on equity investment only: % Holding Period Return (\%) based on total original cost: %

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