Answer the following questions about a Longleaf Pine Plantation Owner trying to determine the optimal time to harvest a stand of timber. The price per cubic foot of marketable timber is $10....

Extracted text: Answer the following questions about a Longleaf Pine Plantation Owner trying to determine the optimal time to harvest a stand of timber. The price per cubic foot of marketable timber is $10. Harvesting costs per cubic foot are $3 and one-time planting costs are $5,000. The interest rate is 4%. Stand Age (years) Volume (cubic feet) Value of Timber Costs Net Benefits 10 1,000 20 2,000 30 3,000 What is the cost of harvesting the timber at stand age 10 years? A What is the cost of harvesting the timber at stand age 20 years? What is the cost of harvesting the timber at stand age 30 years?