Business, 28.11.2019 03:31 jnkbragg3696

Bell brewery paid $1,000,000 for land three years ago. bell estimates it can sell the land for $1,200,000, net of selling costs. if the land is not sold, bell plans to develop the land at a cost of $1,500,000. bell estimates net cash flow from the development in the first year of operations would be $500,000. what is bell's opportunity cost of the development?
a. $1,500,000
b. $1,000,000
c. $1,200,000
d. $500,000

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Bell brewery paid $1,000,000 for land three years ago. bell estimates it can sell the land for $1,20...

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