Razorback Inc. is an oil company with substantial oil reserves. The estimated reserves amount to $10$ million barrels, and the estimated cost of developing these reserves today is $$150$ million. The price of oil is $$40\mathrm{.}36$ per barrel, and the average production cost is estimated to be $$15$ per barrel. The company has the rights to these reserves for the next $20$ years, and the T$-$bond rate is $1\mathrm{.}85\%.$ The cost of delay $($dividend yield$)$ is assumed to be $5\%.$ The annualized variance in the oil price is $15\%.$ There exists a development lag of $2$ years $($from the start of the project to production$).$ Use the above numbers and calculate the value of Razorback Inc.