Suppose that an oil well is expected to produce $120,000$ barrels of oil each year over six years of

its production. The investment cost of drilling the well is $ $40$ million. Assume that the operational

and maintenance cost is $ $500000$ each year. For how much the company can sell each barrel to

economically justify the project. If the average price of a barrel is $ $100,$ do you recommend this

project? The interest rate of $10\%$ annually over the next six years.