3 An Oil Company Contemplates Investing 100 Million Dollars Per Year In Constant Dol 1843131
3. An oil company contemplates investing 100 million dollars per year (in constant dollars) for five years in exploratory work to confirm the existence of new exploitable reserves. It will then face a potential delay until market conditions justify exploitation, which will require investing 200 million dollars for three years in production facilities, following which […]