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You are working on a bid to build two city parks a year for thenext three years. This project requires the purchase of $185,000 ofequipment that will be depreciated using straight-line depreciationto a zero book value over the 3-year project life. The equipmentcan be sold at the end of the project for $34,000. You will alsoneed $20,000 in net working capital for the duration of theproject. The fixed costs will be $18,000 a year and the variablecosts will be $168,000 per park. Your required rate of return is 15percent and your tax rate is 34 percent. What is the minimal amountyou should bid per park? (Round your answer to the nearest$100)show work please I have no idea how to do this
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