An oil company is drilling a series of new wells on the perimeter of a producing oil field. About 13% of the new wells will be dry holes. Even if a new well strikes oil, there is still uncertainty about the amount of oil produced: 40% of new wells that strike oil produce only 2,600 barrels a day; 60% produce 6,600 barrels per day. a. Forecast the annual cash revenues from a new perimeter well. Use a future oil price of $93 per barrel. (Assume 365 days in a year. Do not round intermediate calculations.)