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In Florida, changing weather patterns have increased the probably of crop damage to oranges. The value of the orange crop is given for a typical

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In Florida, changing weather patterns have increased the probably of crop damage to oranges. The value of the orange crop is given for a typical year in the table below.. If the new trees cost $200,000 to plant and the first crop won't be harvested until year 4. What is the NPV and should be the trees be purchased/planted if the company has a cost of capital of 15% and a total life of trees 12 years (9 years of harvest)? Value of Crop Annually Probability 65% 20% $130,000 $105,000 $22,000 $15,000 11% 4% $140,470, Yes $-140,470 No $100,090, Yes $-100,090, No $-27,670, No

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