Assume that GTB Petroleum Corporation, a U.S. company, is involved in p operations in Gabon. The production sharing contract it signed with gov provides the following: 1. Royalty 15% 33 Cost oil 40% 8.8 2. 3. Profit oil split 80% to Government and 20% to the Contractor 4. Oil price $22 Based on the above information, you are required to answer the following 1. What is the total profit? a. $11.22 b. $13.20 c. $18.70 d.) $9.90 2. The division of profit ($) is: a. $11.22 government; $1.98 contractor (b.) $7.92 government; $1.98 contractor c. $11.22 government; $10.78 contractor d. $14.96 government; $3.74 contractor 3. What is the division of profit in percentage (%)? a. 80% government; 20% contractor b. 51% government; 49% contractor c. 60% government; 40% contractor d. 85% government; 15% contractor