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Question(s) / Instruction(s):

Disney owns some land it purchased in 1967 at a price of $4,000,000. The cost of using that land in a planned expansion of the company is

a.            equal to its current value in the commercial real estate market.

b.            zero, because Disney already owns the land.

c.             a sunk cost.

d.            $4,000,000.00

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