Attached please. And yes it's a complete question

2. A forestry firm has hired you, an economist, to consult on the optimal harvest age for a stand of trees. The forester has secure private property rights to the stand (i.e. rights are enforceable, exclusive, and transferable), and he plans to harvest only once (i.e. this is a single harvest scenario). a) What is the normative criterion on which you will base your recommendation? b) The forester is trying to decide whether to harvest the trees in 20 or 60 years. You are provided with the following information regarding harvesting at each of these ages: Age of Stand Volume harvested (m3) Timber price at time of harvest ($lm3) Harvest cost ($Im3) Initial planting cost (3) Discount rate applied Calculate the present value of net benefits for each harvest age, and state which harvest age you would recommend. c) In general, what do you expect will happen to the optimal harvest age if the discount rate decreases? If it increases? Please explain