Unformatted text preview: found on the site. If gas is discovered, however, the landowner expects to earn a net profit of $6,000,000. Finally, the landowner estimates the probability of finding gas on this site to be 60%. B. Use PrecisionTree to identify the strategy that maximizes the landowners expected net earnings from this opportunity. 37. A local energy provider offers a landowner $180,000 for the exploration rights to natural gas on a certain...
View Full Document
- Spring '11
- Generally Accepted Accounting Principles, Landowner