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Question: Write your view
The Jarvis family owned its land for more than 150 years. The Jarvis family usually farmed the land and for that purpose maintained farm animals. As years passed, most of the surrounding farms were sold by the owners and the area turned out to be a close-in suburb of a major city. A zoning ordinance was passed that prohibited maintaining a barn or farmyard animals on the land. The Jarvis family was advised that they were unaffected by this ordinance because theirs would be considered a nonconforming use. The members the Jarvis family lost interest in farming and sold off all their animals. Seven years later, a family member desired to raise a few pigs on the property. Angry neighbors asserted that the family has lost the right to do so. What is your view?
Calculate the company's weighted average cost of capital
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