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7. You work for a paper company. Your company grows its own trees from which...

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7. You work for a paper company. Your company grows its own trees from which to manufacture paper products. Your boss stopped by today and ask you when to cut down the trees and make paper from them. Assume that the cost of converting trees to paper is teto Trees can produce 3,000 reams of paper today. As trees grow each year, you get 1,00 reams more each year. For example, you will get 4,000 reams of paper in year 1, 5,000 ream of paper in year 2 and so on. The company's discount rate is 17% and the price of paper is ov ream today. The inflation is expected to be 5% per year over the next 10 years when hould you cut down the trees and make paper? (9)

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