Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following table provides data representing forest growth. Assume that timber can be sold for $2/cubic foot (ft 3 ), harvest costs are $0.40/cubic foot,
- The following table provides data representing forest growth. Assume that timber can be sold for $2/cubic foot (ft3), harvest costs are $0.40/cubic foot, planting costs are $500, and the discount rate is 3%. Complete the following table given this information:
Vohne Aural (cubic MAI Increment feet/acre) (fr/acreyr) (it lacre/yr) Present Vale of Revente Planting Costs Harvest Cost Present Vale of Total Costs Undiscounted Profit NPV of Profit Year Revelle 5 560 10 1,230 15 1,995 20 2,840 25 3,750 30 4,710 35 5,705 40 6,720 45 7,740 50 8,750 55 9,735 60 10,680 65 11,570 70 12,390 75 13,125 80 13,760 85 14,280 90 14,670 95 14,915 100 15,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started