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Oil is discovered in a land. The owner could: Drill herself: Cost of equipment = 3 0 0 k net annual cash flow = 6

Oil is discovered in a land. The owner could:
Drill herself:
Cost of equipment =300k
net annual cash flow =600k for 5 years
then the land can be selled for 1m
lease a drilling company:
net annual cash flow =630k for 3 years
the land can be sold for 800k at the end of year 3
MARR =15%
Which option to pick?

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