The lake initially has 5,000 trout Carrying capacity = 50,000 trout Trout population at the end of August: Paug = Papr + a + (1 - (Papr/ capacity)) Papr, where a = 0.3. Each fish can be sold for $15 in any year The discount rate is 3% The planning horizon is 40 years (Year 0 to Year 39) 10. (12 pts.) Your solution: Find the highest NPV you can. Make sure the fish population does not become negative. Also make sure that the number of fish left at the end of each year (after the fish are caught in September), from Year 20 to Year 39, is at least 40% of the carrying capacity (that is, at least 0.4*50,000 = 20,000). Report the solution (the number of fish to catch each year), the number of fish remaining at the end of Year 39, and the NPV. 10 Year Sep catch 23 24 25 26 27 30 32 33 34 35 36 37 38 39 Fish remaining at end of Year 39: Your solution, NPV: The lake initially has 5,000 trout Carrying capacity = 50,000 trout Trout population at the end of August: Paug = Papr + a + (1 - (Papr/ capacity)) Papr, where a = 0.3. Each fish can be sold for $15 in any year The discount rate is 3% The planning horizon is 40 years (Year 0 to Year 39) 10. (12 pts.) Your solution: Find the highest NPV you can. Make sure the fish population does not become negative. Also make sure that the number of fish left at the end of each year (after the fish are caught in September), from Year 20 to Year 39, is at least 40% of the carrying capacity (that is, at least 0.4*50,000 = 20,000). Report the solution (the number of fish to catch each year), the number of fish remaining at the end of Year 39, and the NPV. 10 Year Sep catch 23 24 25 26 27 30 32 33 34 35 36 37 38 39 Fish remaining at end of Year 39: Your solution, NPV