It costs $230,000 to drill a natural gas well. Operating expenses will be 12% of the revenue from the sale of natural gas from this particular well. If found, natural gas from a highly productive well will amount to 240,000 cubic feet per day. The probability of locating such a productive well, however, is about 9%. Assume that the revenue from the sale is received at the end of each year a. If natural gas sells for $10 per thousand cubic feet, what is the E(PW) of profit to the owner/operator of this well? The life of the well is 8 years and MARR is 18% per year b. Repeat Part (a) when the life of the well is five years C. Perform one-at-a-time sensitivity analyses for 20% changes in daily well production and selling price of natural gas. Use a 8-year life for the well Click the icon to view the interest and annuity table for discrete compounding when the MARR is 18% per year. a. The E(PW) of profit to the owner/operator of the well is thousand. (Round to the nearest whole number.) b. when the life of the well is five years, the E(PW) of profit to the owner/operator of the well is $LO thousand. (Round to the nearest whole number ) c. Perform one-at-a-time sensitivity analyses for 20% changes in daily well production and selling price. Complete the table for the E(PW) below (Round to the nearest hundreds.) Daily Well Production Change 0% 10% Selling Price Change -20% -10% 0% 10% 20% -20% -10% 20%