If it costs $200,000 to drill each well and a successful well will produce $1,000,000 worth of oil over its lifetime, what is the expected net value of this three-well program if all three wells are successful?

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The Answer of If it costs $200,000 to drill each well and a successful well will produce $1,000,000 worth of oil over its lifetime, what is the expected net value of this three-well program if all three wells are successful?

If It Costs $200,000 to Drill Each Well and a Successful