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An investor is planning to buy a run-down cocoa farm in a cocoa growing area for $5 million. The… 1 answer below » An investor is planning to buy a run-down cocoa farm in a cocoa growing area for $5 million. The plantation of about 20 acres has purposed built-house, offices, warehouses and a network of roads. On purchase, he will immediately replant the entire plantation with a new variety of cocoa seedlings, which mature in 4 years at a cost of $2 million. It is estimated that he will be spending ?700,000 p.a. on maintenance. Oct 20 2015 10:40 PM
