ECE 111 Midterm: ECE 111 University of Rochester Exams.htm#TOP

• School: University of Rochester
• Department: Electrical and Computer Engineering
• Course: ECE 111
• Professor: All

Document Summary

Put a square around your second choice if you want. The current annual cash rent for comparable land is. Based upon historical production records and current input costs, you have estimated that you could generate an average of . 00 per acre in net income from farming this land. You can borrow up to 60% of the purchase price at 8. 0% for 30 years. You have also chosen a discount factor of 5%. However, no two tracts of land are exactly the same. You intend to plant 75 acres of corn and 75 acres of soybeans and expect to produce 160 bushels per acre of corn and 60 bushels per acre of soybeans. The 2007 direct payment for corn is sh. 28 per bushel and sh. 44 per bushel for soybeans. What would be the total 2007 direct payment paid to the owner of this tract of land? (note: don"t forget the 85% adjustment) (4 pts. : ,958, ,480, ,539, ,340.