A business is considering a cash outlay of $250,000 for the purchase of land,which it intends to lease for $40,000 per year.If alternative investments are available that yield an 16% return,the opportunity cost of the purchase of the land is
A)$45,000.
B)$37,800.
C)$47,200.
D)$40,000.

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The Answer of A business is considering a cash outlay of $250,000 for the purchase of land,which it intends to lease for $40,000 per year.If alternative investments are available that yield an 16% return,the opportunity cost of the purchase of the land is
A)$45,000.
B)$37,800.
C)$47,200.
D)$40,000.

A Business Is Considering a Cash Outlay of $250,000 for the Purchase