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To examine the impact of income taxes on timberland valuation, one should use: a. Nominal values for revenues and costs with a real discount rate.

To examine the impact of income taxes on timberland valuation, one should use:

a. Nominal values for revenues and costs with a real discount rate.

b. Real values for revenues and costs with a nominal discount rate.

c. All nominal values or all real values, as long as one is consistent with him/herself.

d. Nominal values for revenues and costs with a nominal discount rate

e. None of the above

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