8. Elizabeth Petroleum data in connection with Lease A are as follows: S 50,000 300,000 500,000 60 20 6% 12.5% Drilling cost (one well) Estimated completion. . . Estimated selling cost per bbl Estimated lifting cost per bbl. . . . . . . .. . .. . State severance tax. . Royalty interest . . . . REQUIRED: Should the well be completed, assuming the following total production? Discuss your answer. Case A: 10,000 bbl Case B: 20,000 bbl Case C: 30,000 bbl