What is inflation?

(a) an increase in the amount of money in circulation
(b) a decrease in the overall price level
(c) an increase in the overall level of economic activity
(d) an increase in the overall price level

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.