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You pay $10,000 per acre for a tract of land, and your opportunity cost (rate) is 7 percent. You hold the land 8 years and

You pay $10,000 per acre for a tract of land, and your opportunity cost (rate) is 7 percent. You hold the land 8 years and pay $1,000 in taxes each year. What price per acre must you sell the land for to break even with your opportunity cost (rate)?

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