The interest rate is 6%

A man owns a corner lot. He must decide which of several alternatives to select in trying to obtain a desirable return on his investment. After much study and calculation, he decides that the two best alternatives are Build Gas Station Build soft Ice cream stand $120,000 $80,000 3.000 First Cost Annual Taxes Annual Income Life of building Salvage value 5,000 11,000 16,000 10 0 15 A man owns a corner lot. He must decide which of several alternatives to select in trying to obtain a desirable return on his investment. After much study and calculation, he decides that the two best alternatives are Build Gas Station Build soft Ice cream stand $120,000 $80,000 3.000 First Cost Annual Taxes Annual Income Life of building Salvage value 5,000 11,000 16,000 10 0 15