An oil and gas producing company owns 45000 acres of land in a southeastern state. It operates 680 wells which produce 22000 barrels of oil per year and 1.6 million cubic feet of natural gas per year. The revenue from the oil is $2200000 per year and for natural gas the annual revenue is $586000 per year. What bid should be made to purchase this property if the potential buyer is hoping to make 15% per year on his investment?