please solve Q5 in 60 minutes I will give you thumb up

Ouestion 5 (16points) You have just discovered an oil well in your back yard. The oil well is expected to start producing oil 5 years from today (after 5 years of development by the company, meaning that production will start at the beginning of the sixth year). During the first year of production the well is expected to produce 500 barrels, and the production is expected to grow by an annual rate of 2% for another 19 years. Then, after a total of 20 years of production, the annual barrel output is expected to stay constant for 10 years, after which the annual production is expected to decrease at an annual rate of 15% for 15 additional years. Assume that your annual effective rate is 10%, that the price of an oil barrel is expected to stay constant at $50 per barrel, and that cash flows are received at the end of each year. b. Assume that instead of receiving variable cash flows from the oil well, you would like to receive a constant income for 50 years from the oil well, starting one year from today. What is the constant annual amount you'll be able to draw out in the next 50 years? c. Instead, assume that you wish to withdraw a growing annual amount at the end of each of the next 50 years. Your desired annual growth rate is 6%. What is the first amount you'll be able to withdraw in one year from today? Ouestion 5 (16points) You have just discovered an oil well in your back yard. The oil well is expected to start producing oil 5 years from today (after 5 years of development by the company, meaning that production will start at the beginning of the sixth year). During the first year of production the well is expected to produce 500 barrels, and the production is expected to grow by an annual rate of 2% for another 19 years. Then, after a total of 20 years of production, the annual barrel output is expected to stay constant for 10 years, after which the annual production is expected to decrease at an annual rate of 15% for 15 additional years. Assume that your annual effective rate is 10%, that the price of an oil barrel is expected to stay constant at $50 per barrel, and that cash flows are received at the end of each year. b. Assume that instead of receiving variable cash flows from the oil well, you would like to receive a constant income for 50 years from the oil well, starting one year from today. What is the constant annual amount you'll be able to draw out in the next 50 years? c. Instead, assume that you wish to withdraw a growing annual amount at the end of each of the next 50 years. Your desired annual growth rate is 6%. What is the first amount you'll be able to withdraw in one year from today