You are considering buying a field that contains 144 barrels of oil that can be extracted. If you buy the field, you can extract the oil and sell it in one year from today; the cost of drilling and extracting the oil will be $8,352 when you do it in one year. Nothing happens after time 1 . In other words, the onlv cash flow from owning the field occurs in one vear from todav and is given below: You expect the price of oil in one year to be $63.75 per barrel, and your discount rate is 15%. Part A (1pt). How much are you willing to pay for the field? Assume that you are going to drill in one year regardless of the price of oil. That is, ignore real options