9. The Largo Lumber Company (LLC) is considering the purchase of some timberland located in northern Wisconsin. The 80,000-acre property would have an initial cost of $225 million and could be harvested in three years. Land, which cannot be depreciated, costs $25 million while equipment and machinery costs $200 million. All the lumber and lumber products would be sold in the US over that same three-year period. The following information has been made available to Emilio Largo, the president of LLC: The asset purchased will be financed with a $75 million bond issue and a $150 million common stock issue. The bond will have a yield to maturity of 6.1% and the shares will have a required return of 10.7%. The following is a list of other relevant information: Largo pays a marginal corporate tax rate of 20%, the depreciation percentages are 30% in year one and 50% in year two. Determine the net present value for this piece of land and the harvested lumber by completed the following tables: por DE OCF-Rev - Oper Exp - Depr Exp - Tax Depr Exp