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Suppose Ebay bought an office building nine years ago for $200 million. Today, with renovations costing $10.5 million, Ebay could convert it into a centralized
Suppose Ebay bought an office building nine years ago for $200 million. Today, with renovations costing $10.5 million, Ebay could convert it into a centralized computing center. Ebay also has an offer from General Motors to buy the building and would receive $150 million today (net of all taxes and costs) if they sold it. When deciding whether to convert the building, which of these things matter for the decision and why? (1-3 sentences)
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