Problem 4-23 (algorithmic) lea Show Work | Question Help der An oil and gas producing company owns 47,000 acres of land in a southeastern state. It operates 630 wells which produce cubic feet of natural gas per year. revenue made to purchase this property if the potential buyer is hoping to make 1 1% per year on his investment over a period of bid should be The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $588,000 per year. What 11 years. table for discrete compounding when i 11% per year. Click the icon to view the interest and annuity million or less should be offered for the property. (Round to two decimal places)