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Management Studies

Clear-cutting is a controversial method of forest management. To obtain the necessary permits, Bunyan Lumber has agreed to contribute to a conservation fund every time it harvests the lumber. If the company harvested the forest today, the required contribution would be $300,000. The company has agreed that the required contribution will grow by 3.2 percent per year. When should the company harvest the forest?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M998006

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