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| revprev | Admin | Dec 4'23 at 19:03 | +19 | m | |
| revcur | Admin | (Created page with "Assume all the oil is sold at the end of each year; for example the PV of the production for the first year is $7000×$15/1.08 = $97, 222. The PV of the second year production is $6580×$15/1.08<sup>2</sup> = $84, 619. The PV of the total production in the first 12 years is $608,254 and by then the annual production has declined to 3,544 barrels. '''References''' {{cite web |url=https://alo.mit.edu/wp-content/uploads/2015/06/PS_Part1.pdf |last1=Lo |first1=Andrew...") | Dec 4'23 at 18:54 | +643 |