Suppose that an oil well is expected to produce 100,000 barrels of oil during its first year in production. However, its subsequent production is expected to decrease by 10% over the previous years productionl. The oil well has proven reserve of 1,000,000 barrels. Suppose that the price of oil is expected to start at $60 per barrel during the first year but it will increase at the rate of 5% over the previous years price. What would be the present worth of the anticipated revenue stream at an interest rate of 12% compounded annually over the next 7 years?