Timing
Example - continued
You may harvest a set of trees at anytime over the next 5 years. Given
the FV of delaying the harvest, which harvest date maximizes current
NPV?
58. 5
1.10NPV if harvested in year 1 = 64.4 =
barry
(Barry)
#1
Timing
Example - continued
You may harvest a set of trees at anytime over the next 5 years. Given
the FV of delaying the harvest, which harvest date maximizes current
NPV?
58. 5
1.10NPV if harvested in year 1 = 64.4 =