A developer plans to clear several dozen acres of ecologically valuable forest outside Blue Creek National Park

for the creation of a subdivision. This decision will create economic profits of $20,500/year to the company (which hires substantial numbers of local workers) after one year of construction but will cost $111,700 (paid upfront) to build. In addition, the loss of forest will eliminate vital habitat and scenic views—thus reducing the value of recreation by locals from $12,200 to $10,400 per year. Assume that these losses are experienced from the very first (construction) year onward and are permanent. 

1. Assume that the discount rate is 5% (r=.05) and the evaluation horizon is 9 years from the present. Please neatly fill the blanks in the table below (assuming you are working from a social perspective and counting all costs and benefits). 

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