Question
The Fisher's (part owners of The Gap clothing stores) from San Francisco spent $230,000,000 to purchase 224,000 acres of very productive Coastal Redwood in Mendocino
The Fisher's (part owners of The Gap clothing stores) from San Francisco spent $230,000,000 to purchase 224,000 acres of very productive Coastal Redwood in Mendocino Co, CA. The idea would be to sustain the local economy but harvest trees in a very sustained manner. Assume they wish their investment to yield 7.7%. They currently have no plans to sell the property or to change management. What is the yearly amount (in $/acre) needed to generate 7.7% earnings?
The Fisher's (part owners of The Gap clothing stores) from San Francisco spent $230,000,000 to purchase 224,000 acres of very productive Coastal Redwood in Mendocino Co, CA. The idea would be to sustain the local economy but harvest trees in a very sustained manner. Assume they wish their investment to yield 7.7%. They currently have no plans to sell the property or to change management. What is the yearly amount (in $/acre) needed to generate 7.7% earnings?
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Project Management A Systems Approach to Planning Scheduling and Controlling
Authors: Harold Kerzner
10th Edition
978-047027870, 978-0-470-5038, 470278706, 978-0470278703
