Table 7c. Financial Return of a White Pine Plantation, Site Index 60. 

 55-Year Rotation, Thinned to Basal Area of 100 Square Feet per Acre. 



Per Acre 



Operation Net Expected 

 and year* Future yields 



Present values of returns and expenses 

 at specified interest rates 



T =^ thinning; H = harvest; X ^ total present value at various interest rates; 

 C =^ constant establishment cost; e = present value of annuity at various interest 

 rates; Y = C + e. 



Table 7d. Financial Return of a White Pine Plantation, Site Index 60, 

 45-Year Rotation, Thinned to Basal Area of 100 Square Feet per Acre. 



Per Acre 



Operation Net Expected 

 and year* Future yields 

 and expenses 



Present values of returns and expenses 

 at specified interest rates 



2% 



4% 



6% 



8% 



10% 



T ^ thinning; H = harvest; X == total present value at various interest rates; 

 C ;= constant establishment cost; e = present value of annuity at various interest 

 rates; Y = C + e. 



* superscript: s represents sawlogs; no superscript represents pulpwood; sub- 

 script represents year of operation in rotation period. 



22 



