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I would like an accurate answer with a solution to this problem, Thank you.
You acquired a piece of land that has a total purchase price of P200,000. You plan to hold the land for five years then sell it. Upon selling it, you expect to receive P300,000 as selling price and to incur total cost to dispose at P10,000. How much would your required return on the investment be so that your investment will be worth your money?
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