Timber is “financially mature” when its net present value (NPV) is maximized at the target discount rate. Biological (timber) growth and price appreciation are included in the NPV determination.
May 20, 2020
May 20, 2020
Timber is “financially mature” when its net present value (NPV) is maximized at the target discount rate. Biological (timber) growth and price appreciation are included in the NPV determination.