uestion 14 nswer saved Marked out of .00 Flag question An oil company has paid the Irish Govt. 15m for oil exploration rights. If oil is found, the oil company must pay 24 for every barrel produced. The oil company has spent 9m on drilling and has just struck oil. They estimate that they will recover 10m barrels of oil. Oil can be sold for 30 per barrel and will cost 3 a barrel to extract. The Irish Govt. has imposed an additional fee of 2 a barrel to pay for insurance against oil spills The relevant costs are (there are more than one - choose all that apply) A. Payment for oil exploration B. Payment for every barrel produced C. Payment for drilling D Payment to extract oil E. Payment for insurance