There is a 38% chance that the amount of oil in a prospective field is 6 million barrels and a 65% chance of 14 million barrels. If the actual amount of oil is 6 million barrels, the present value of the cash flows from drilling will be $2.5 million. If the amount is 14 million barrels, the present value will be $9.5 million The cost to tell the well is $5 million. Suppose, a test that costs $150,000 can verify the amount of all under the ground, is it worth paying for the test? Please enter the full number as your answer. (.. 10,000,000 and NOT 10 millon) What is the net present value of not tonting? Number What in the net present value of testing? Number Should the company perform the tent to verify the amount of all under the ground? Test No T There is a 35% chance that the amount of oil in a prospective field is 6 million barroln and a 65% chance of 14 million barrols. If the actunt amount of oil is 6 million barrels, the prosent value of the ansh flows from driling will be $2.5 million. If the amount is 14 million barrels, the prosent value will be 59.5 million The cost to drill the wall in S5 million. Suppose, a test that costs $150,000 can verify the amount of all under the ground, is it worth paying for the test? Please enter the full number as your answer (9. 10,000,000 and NOT 10 millon) What is the not present value of not testing? Number What is the not present value of testing Number Should the company portorm the test to verty the amount of all under the ground? Test No Test