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Your company is evaluating the construction of a new office complex. Your company currently owns land suitable for the new complex. The current book value
Your company is evaluating the construction of a new office complex. Your company currently owns land suitable for the new complex. The current book value is $1,000,000; however, a commercial real estate broker has informed you that there is an interested buyer of the land, and would be willing to pay $1,200,000. When determining the net present value (NPV) of your new office complex, the appropriate opportunity cost for the use of this land is:
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