Question: Please show all calculations and create the present worth cost profile and show where the incremental ROR is located on your diagram. Explanation will help


Please show all calculations and create the present worth cost profile and show where the incremental ROR is located on your diagram. Explanation will help me greatly, thank you.
3-46 The production rate estimate for a well is 600 bopd from a depth of 4,000 feet. Given the following data, do you recommend a rod pump or an electric submersible pump installation? Your average investment opportunity rate is 10%. Assume Investment occurs at Time 0, Oper Costs occur at the end of each year (like an annuity), and Salvage Value occurs at the end of year 8 . In addition to solving the problem, create the Present worth Cost Profile and show where the Incremental ROR is located on your diagram
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