Please fill in the following table for the case where land is rented.

Year	Revenues	Operating costs	Rent payments	Taxes	Net after tax cash flow
0	$0	$0	0	$0	$0
1
2

You are given the following information:

Growth Rate=5% Discount Rate=10% Marginal Tax Rate= 25%

Cash rent	$150
Land price	$1,500
Acres	100
Yield (bu/acre)	150
Price ($/bu)	$5.00
Gov payments ($/acre)	$25
Revenues ($/acre)
Operating costs ($/acre)	$500

Loan information
Land price	$150,000
Down payment	$25,000
Loan value	125,000
Years	40
Annual interest rate	5.00%
Annual payment	$7,285