Table 7e. Financial RoUirn of a White Pine Plantation, Site Index 65, 

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



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 7f. Financial Return of a White Pine Plantation, Site Index 65, 

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



Per Acre 



Operation Net Expected 

 and year* Future yields 

 and expenses 



2% 



Present values of returns and expenses 

 at specified interest rates 



Wo 6% 8% 



10% 



HS65 

 H 65 



TS55 



T 55 



TS45 

 T 45 



T 40 



TS30 



T 30 



T25 



T 20 



1424.38 

 61.13 

 31.07 

 58.04 

 20.82 

 49.78 

 18.00 

 7.13 

 17.85 

 36.86 

 11.80 



393.20 



16.87 



10.46 



19.53 



8.54 



20.42 



8.15 



3.94 



9.85 



22.47 



7.94 



111.29 

 4.78 

 3.59 

 6.71 

 3.56 

 8.52 

 3.75 

 2.20 

 5.50 

 13.83 

 5.38 



32.26 

 1.38 

 1.26 

 2.35 

 1.51 

 3.62 

 1.75 

 1.24 

 3.11 

 8.59 

 3.68 



9.57 

 0.41 

 0.45 

 0.84 

 0.65 

 1.56 

 0.83 

 0.71 

 1.77 

 5.38 

 2.53 



2.89 

 0.12 

 0.16 

 0.31 

 0.28 

 0.68 

 0.40 

 0.41 

 1.02 

 3.40 

 1.75 



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. 



23 



