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This is all the data that is available.
You are given the following net future values for harvesting trees from a plot of forestland. (This is a one-time harvest.) Year Net Future Value 2 195 100 125 150 210 175 If the cost of capital is 15 percent, calculate the optimal year to harvest. Multiple Choice Year 3 Year 4 Year 2 Year 1May 18 2020 View more View Less
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Apr 25 2020