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You have the opportunity to acquire a property from First Capital Bank. The total acquisition cost is approximated to be $12,000. The total costs during
You have the opportunity to acquire a property from First Capital Bank. The total acquisition cost is approximated to be $12,000. The total costs during the holding period are estimated to be $6,000. The net cash from the sale is expected to fetch $20,000. What is the profitability of this investment?
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