Ivanhoe Partners LLC has been farming a new strain of radioactive-material-eating bacteria that the electrical utility industry can use to help dispose of its nuclear waste. T factors affect Ivanhoe's decision of when to harvest the bacteria. The bacteria are currently growing at a 19 percent annual rate, but due to known competition from other Ivanhoe analysts estimate that the price for the bacteria will decline according to the schedule below. If the opportunity cost of capital is 9.0 percent, then when should Iva the entire bacteria colony at one time? Change in Price Due to Competition (%) 5% Year 1 2 -2 3 4 -10 5 -15 6 -25 x 6 Ivanhoe should harvest the entire bacteria colony at the end of year Ivanhoe Partners LLC has been farming a new strain of radioactive-material-eating bacteria that the electrical utility industry can use to help dispose of its nuclear waste. T factors affect Ivanhoe's decision of when to harvest the bacteria. The bacteria are currently growing at a 19 percent annual rate, but due to known competition from other Ivanhoe analysts estimate that the price for the bacteria will decline according to the schedule below. If the opportunity cost of capital is 9.0 percent, then when should Iva the entire bacteria colony at one time? Change in Price Due to Competition (%) 5% Year 1 2 -2 3 4 -10 5 -15 6 -25 x 6 Ivanhoe should harvest the entire bacteria colony at the end of year