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) 7. (1 pt.) Solution 1: Catch 5,000 fish each year if the August population is greater than 15,000 fish; otherwise catch nothing. What is the NPV