A business is considering a cash outlay of $500,000 for thepurchase of land, which it intends to lease for $90,000 per year.If alternative investments are available which yield a 12% return,the opportunity cost of the purchase of the land is: a. $60,000b. $49,200 c. $70,800 d. $10,800

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A business is considering a cash outlay of $500,000 for thepurchase of land, which it intends to lease for $90,000 per year.If alternative investments are available which yield a 12% return,the opportunity cost of the purchase of the land is:
a. $60,000b. $49,200 c. $70,800 d. $10,800

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