Imagine that you planted a forest of white oak trees, a valuable timber species. Each veneer-quality white oak log is worth $1,000 and this market is expected to be stable in the near future (assume constant 2019 dollars). With your superior forest management skills, you think you can grow 100 veneer quality trees on your property. There is one log per tree. You expect that the trees will be ready for harvest 40 years from now (n=40) and your real discount rate is 5%. Calculate the present value of the forest.