An oil and gas producing company owns 45,000 acres of land in a southeastern state. It operates 600 wells which produce 23,000 barrels of oil per year and 1.5 million cubic feet of natural gas per year. The revenue from the oil is $2,300,000 per year and for natural gas the annual revenue is $562,000 per year. What bid should be made to purchase this property if the potential buyer is hoping to make 18% per year on his investment over a period of 8years

Playthmic) HW Score: 20%, 1 of 5 pls Wha PAF Discrete Compounding; i=18% Single Payment Uniform Series Compound Compound Sinking Amount Present Amount Present Fund Factor Worth Factor Factor Worth Factor Factor To Find F To Find P To Find F To Find P To Find A Given P Given F Given A Given A Given F F/P FIA PIA AF 1.1800 0.8475 1.0000 0.8475 1.0000 1.3924 0.7182 2.1800 1.5656 0.4587 1.6430 0.6086 3.5724 2.1743 0.2799 1.9388 0.5158 52154 2.6901 0.1917 2.2878 0.4371 7.1542 3.1272 0.1398 2.6996 0.3704 9.4420 3.4976 0.1059 3.1855 0.3139 12.1415 3.8115 0.0824 3.7589 0.2660 15.3270 4.0776 0.0652 4.4355 0.2255 19.0859 4.3030 0.0524 5.2338 0.1911 23.5213 4.4941 0.0425 6.1759 0.1619 28.7551 4.6560 0.0348 7.2876 0.1372 34.9311 4.7932 0.0286 8.5994 0.1163 42.2187 4.9095 0.0237 10.1472 0.0985 50.8180 5.0081 0.0197 11.9737 0.0835 60.9653 5,0916 0.0164 Capital Recovery Factor To Find A Given P AP 1.1800 0.6387 0.4599 0.3717 0.3198 0.2859 0.2624 0.2452 0.2324 0.2225 0.2148 0.2086 0.2037 0.1997 0.1964 Print Done