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You are working on a bid for a 5-year contract. Thus far, you have determined...

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You are working on a bid for a 5-year contract. Thus far, you have determined that you will need $167,000 for foxed assets that will be depreciated straight-ine to zero over the life of the project and then salvaged for 45,800 . You will need $36,400 for net working capital at Time 0 , but the entire amount will be recoverable at the end of the project if your costs for this contract will run $116.500 annually, and you face a 21 percent tax rate, what is the minimum annual value you can bid for this contract and stili retum 17 percent in nominal terms? Minimum bid =$

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