The asking price of an acre of ranch land is currently $675 per acre. The current net cash flow from ranching and farming is $45 per acre, the investor's cost of capital is 800 and the planning horizon is ten years. The inflation rate of current returns is 1% and land values is negative 1%. 4. i. Evaluate the profitability (NPV) of the investment assuming a tax rate of 20% ii. Does the preamble to this question make economic sense? Explain your answe The asking price of an acre of ranch land is currently $675 per acre. The current net cash flow from ranching and farming is $45 per acre, the investor's cost of capital is 800 and the planning horizon is ten years. The inflation rate of current returns is 1% and land values is negative 1%. 4. i. Evaluate the profitability (NPV) of the investment assuming a tax rate of 20% ii. Does the preamble to this question make economic sense? Explain your answe