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Mayala has asked her grandma It hiring people to do the work is possible and Lily believes it can be done. However, a decision must

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Mayala has asked her grandma It hiring people to do the work is possible and Lily believes it can be done. However, a decision must be made on what to grow on the land in one or two years. Replanting raspberry (expected life of ten years) would require the purchase of 2,500 plants at $10 apiece. Additionally, there would be estimated labour of $2 per plant and direct materials of $1 per plant. The raspberry bushes would collectively yield about 29,000 of fruit in their first year and this would grow by 5% year-on-year for the next two years. Then, yield would remain steady for four years before declining by 5% a year until the plants' end of life. On average, the raspberry has been sold for $0.80 per pound and Lily expects that trend to continue

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