Question
You are offered a tree (a giant Sitka spruce) that will grow to its optimum size in 11 years, at which time its lumber will
You are offered a tree (a giant Sitka spruce) that will grow to its optimum size in 11 years, at which time its lumber will be worth $13,000. What will you pay today for the tree if your alternative investments can generate a return of 5.1%?
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
