You own a building that you plan on leasing to a businessman for 60,000 per year for three years. You estimate the annua

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You own a building that you plan on leasing to a businessman for 60,000 per year for three years. You estimate the annua

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You own a building that you plan on leasing to a businessman for 60,000 per year for three years. You estimate the annual explicit cost and implicit cost of maintaining the building at 20,000 and 10,000 respectively. All revenues are received and costs borne at the end of each year. Suppose the interest rate is 2.5 percent
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