Blackstone, Inc. is considering expanding operations. The company owns a lot near the present facility on which a new building can be constructed. The land was purchased 10 years ago for $50,500 and now has a market value of $106,900. Assuming a tax rate of 20%, calculate the opportunity cost of the land.
A)$95,620
B)$79,460
C)$56,040
D)$11,280

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The Answer of Blackstone, Inc. is considering expanding operations. The company owns a lot near the present facility on which a new building can be constructed. The land was purchased 10 years ago for $50,500 and now has a market value of $106,900. Assuming a tax rate of 20%, calculate the opportunity cost of the land.
A)$95,620
B)$79,460
C)$56,040
D)$11,280