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A rancher is considering the purchase of additional land. Given the present value of after-tax net...

A rancher is considering the purchase of additional land. Given the present value of after-tax net return of $11.07, a marginal tax rate of 27%, a terminal value of $482.53, and an after-tax discount rate of 2.69%. This rancher is planning on selling the land in 15 years. What is the maximum price this farmer should be willing to pay for an acre of land?

$302.58

$384.27

$310.71

$220.88

None of the answers are correct
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