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A new ethanol plant is about to open in a farming area with 10,000 acres of corn divided equally among 10 farms. ?
A new ethanol plant is about to open in a farming area with 10,000 acres of corn divided equally among 10 farms. The new plant is expected to increase profit from corn sales by 10%. By how much (in dollars) will the new ethanol plant increase the price of a farm in this area if profit from corn currently averages $200 per acre and the interest rate is 2%
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