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Pontiac Producinz Company PCsa domestic producer of natural gas. The in 1 is coasader ng he purchase of some as producinz proper in e Bakin
Pontiac Producinz Company PCsa domestic producer of natural gas. The in 1 is coasader ng he purchase of some as producinz proper in e Bakin Shale located in North Dakota The property has estimated production vo ames of 5 Million cubic feet 75.000 MCF per year for the next five years However, the price of natural gas is cumently very low, selling for $4 per MCF. The projected demand for natural gas is growing, bowever, with the prospect of using it as fuel by large trucking and bus fims. In fact, the forvard price of gas in year 3 is 55.30. Tf PPC decidee to eell its prodaction forward, what ia your forecast of the reveues it might receive in year3 oe Bakin project? Round answer to the nearest dollar
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