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The answer is not Using today's market value for the land plus the other costs. To calculate the initial project cash flow, this problem requires

The answer is not Using today's market value for the land plus the other costs. image text in transcribed
To calculate the initial project cash flow, this problem requires Using only the purchase price of the lot. Using today's market value for the land Using today's market value for the land plus the other costs o Using the purchase price of the lot plus the other costs

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