EC-5 Computing Value of an Asset Based on Present Value You have the chance to purchase an oil well. Your best estimate is that the oil well's net royalty income will average $25,000 per year for five years. There will be no residual value at that time. Assume that the cash inflow occurs at each year-end and that considering the uncertainty in your estimates, you expect to earn 5 percent per year on the investment. What should you be willing to pay for this investment right now (round to the nearest dollar)