D. If the company finds financial resources for the development of two wells, which two projects would you recommend. Provided that the required rate of return is reduced by 2%.

Question 1 1 0.12 0.12 2 CF Year CF Year Year 0 0 1 1 2 3 2 3 4 1 -505000 60000 90000 170000 230000 201000 140000 110000 75000 -800001 3 ICE 0 -655000 1 70000 2 90000 3 170000 4 230000 5 225000 6 6 140000 7 110000 8 15000 9 90000 10 80000 11 -70000 5 -555000 70000 90000 170000 230000 205000 140000 110000 175000 50000 -80000 S 6 6 7 7 8 8 9 9 10