An oil and gas producing company owns 47,000 acres of land in a southeastern state, It operates 620 wells which produce 18.000 barrels of oil per year and 1:5 million cubic feet of natural gas per year. The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $586,000 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 10 years Click the icon to view the interest and annuity table for discrete compounding when = 17% per year 02 102 1022 5 million or less should be offered for the property. (Round to two decimal places.) 022 022 022 027 022 022 072 027