BlackRhino, There's a couple ways to calculate how much water is needed. I've used the method L2H has posted and it is the most accurate.
The way I do it now has proven to be accurate for food plot situations and is easier. Every nozzle that I've seen has a number stamped on it. Something like A110005vs, XR8002vs, XR11002SS, etc. I compare the nozzle to the online spray chart from that manufacturer to get water volume per acre based on the speed I want to travel.
For example: Most Fimco sprayers will have XR8002 or XR11002 nozzles. The chart states that 40 psi and 5mph will result in 11.9 gallons of water per acre. Therefore a 25 g sprayer run at that pressure and speed will cover about 2 acres per fill. Increasing the speed to 6 mph will reduce the water volume to 10 gallons per acre.
http://www.teejet.com/media/433011/010_cat51-us_lores.pdf
Here is the chart for the above parameters. It is the yellow section. Teejet nozzles are also color coated for easy id.
Of course you may have a different nozzle and will need to find the corresponding nozzle chart. Showing my age here. Before GPS, auto shut offs, spray controllers and such, almost all commercial applicaations were based on speed and pressure. Hope this helps.
Tim