An oil and gas producing company owns 45,000 acres of land in a southeastern state. It operates 660 wells which produce 21,000 barrels of oil per year and 16 million cubic feet of natural gas per year. The revenue from the oil is $2,100,000 per year and for natural gas the annual revenue is $560,000 per year What bid should be made to purchase this property if the potential buyer is hoping to make 17% per year on his investment over a period of 12 years Click the icon to view the interest and annuity table for discrete compounding when 7 = 17% per year GD d: $milion or less should be offered for the property (Round to two decimal places ore