Agri-Industries purchased some agricultural land at the edge of a large metropolitan area for $250,000 five
years ago.
In order to have the land classified as agricultural for property tax purposes, the company has been
leasing the property to neighboring farmers. The before-tax return from leasing the property is $12,000 per
year. This company's corporate tax rate is 35 percent. If the company sells the land for $400,000 today, what is
the internal rate of return on this investment?
Initial investment at time 0 = $250,000
Incremental after-tax cash flows time 1-5:
(1-.35)($12,000)= $7,800
Terminal after-tax cash flow time 5:
$400,000 - ($400,000 - $250,000)(.
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Product screening issue categories include all of the following except?
a. The Customer b. The Product c. The Competition d. The Financials
Answer the following statements true (T) or false (F)
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Creation Worx, Inc, develops, makes, and markets new computer programs for businesses and consumers. Generally, copyright protection extends to
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