after 40 years? 4-12 Assume the following expected incomes and costs from an acre of bare forestland: $125 $50 $75 $2 $1.25 $200 $3,000 Initial reforestation cost today and every 40 years thereafter Brush control cost in 5 years and every 40 years thereafter, in perpetuity Thinning cost in 10 years and every 40 years thereafter, in perpetuity Annual taxes in perpetuity, starting in one year Annual hunting revenues in perpetuity, starting in one year Pulpwood harvest revenue in 20 years and every 40 years thereafter, in perpetuity Final harvest every 40 years, in perpetuity If your minimum acceptable rate of return is 6 percent, what is the maximum you'll pay for the acre of bare land, assuming no other costs or revenues? moment program for even-aged loblolly pine to be