Wyatt Oil is considering drilling a new oil well that is initially expected to produce oil at a rate of 10million barrels per year. Wyatt has a long-term contract that allows them to sell oil at a profit of $2.50 per barrel. The cost of drilling the rig is $175,000,000. If the rate of oil production from the rig declines by 3% over the year and the discount rate is 9% per year (EAR), then using continuous compounding, the NPV of this new oil well is closest to:

A) -$333,333,000

B) $28,128,000

C) $33,333,000

D) $39,340,000