Business, 02.09.2019 22:30 priscilaannmendez

Scenario 13-1 korie wants to start her own business making custom furniture. she can purchase a factory that costs $400,000. korie currently has $500,000 in the bank earning 3 percent interest per year. refer to scenario 13-1. suppose korie purchases the factory using $200,000 of her own money and $200,000 borrowed from a bank at an interest rate of 6 percent. what is korie's annual opportunity cost of purchasing the factory?
a. $18,000
b. $6,000
c. $3,000

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Scenario 13-1 korie wants to start her own business making custom furniture. she can purchase a fact...