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Land containing a young crop of xmas trees

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Reference no: EM131656687

Suppose you can invest $10,000 now (Jan 1) buying a plot of land containing a young crop of Xmas trees. All you have to do is wait until december when you can sell 100 trees for an average of $30 a tree. After all the trees are sold you can sell the bare land for $7,300. Can we conclude this venture was profitable?

Reference no: EM131656687

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