Suppose you own a forest. The start-up costs for a logging camp would be $50,000. The lumber that could be logged would provide a $75,000 after-tax inflow at the end of one year. Then the project is over. The cost of capital is 10%. The forest is growing such that for each year you wait to start the after-tax cash inflow grows by 5% per year, for a maximum of 2 years. When should be start the project