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with the given info, what is the owners economic profit for his business for year 1? -Capital to buy business is $500,000 -Currently

with the given info, what is the owners economic profit for his business for year 1?

-Capital to buy business is $500,000

-Currently makes $45,000 a year

-earns 5% on investments

-anticipates $70,000 in profits in the first year

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