Assume an oil refiner approached a Western European petrochemicals producer with an offer to supply naphtha for the upcoming year. The oil refiner proposed a pricing formula of: Naphtha Price = $60 per metric ton (8.00 X $ per barrel of Brent Oil) Assume that the cost of naphtha is the delivered cost. Should the petrochemicals producer accept the offer? This first individual case study should focus on results of the regression analysis and conclusions regarding whether the petrochemical producer should accept the refiner's offer to supply for the upcoming year