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You lease out your land to a hunting club. The club has agreed to sign a long-term lease with you for 50 years. The terms
You lease out your land to a hunting club. The club has agreed to sign a long-term lease with you for 50 years. The terms of the lease requires the club to make ten payments of $100 for every acre leased. The 1st payment is made immediately, with the remaining nine payments made every five years starting in five years. What is the per acre present value of this lease arrangement if your opportunity cost of this lease is 8 percent?
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