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Business, 11.02.2020 05:04 twil85459

An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is$40,000, and the implicit cost is 555,000. All revenues are received, and costs borne, at the end of each year. Ifthe interestrate is 5 percent, determine the present value of the stream ofa. Accounting profits. b. Economic profits.

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