Cowboy Oil Corporation incurred ($275,000) in drilling costs prior to deciding whether to complete the well. Estimated

Question:

Cowboy Oil Corporation incurred $$275,000$ in drilling costs prior to deciding whether to complete the well. Estimated completion costs are $$175,000$. The expected net cash flows from the sale of the oil and gas from this well are $$300,000$. Should the well be completed?

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