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Suppose an area of pristine natural beauty can be acquired for $10 million and this will generate benefits of $1,000 a year forever for approximately

Suppose an area of pristine natural beauty can be acquired for $10 million and this will generate benefits of $1,000 a year forever for approximately 500 people.

A) If the discount rate is 10% what would be the net present value of preservation?

B) If the discount rate were 3% what would be the net present value?

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