A firm has clear-cut a forest of oak trees, and is considering replanting. If they replant, in 30 years they will have another set of trees to harvest, earning an (inflation adjusted) resource rent of $10 million. However, replanting today costs $1 million, and their opportunity cost of capital is a mutual fund investment, paying 6% per year. Is it dynamically efficient to replant the trees? Why? (show all your calculations)