In 1932, the average wage rate was $0.55 an hour and in 2002 the average wage rate was $14.95 an hour. The CPI in 1932 was 13.7 and in 2002 it was 183.3. >>> Answer below to 2 decimal places. The 2002 nominal wage rate that is equivalent to $0.55 an hour in 1932 is $ nothing an hour. The real wage rate in 1932 is $ nothing. The real wage rate in 2002 is $ nothing. Which gives the higher real wage rate: $0.55 an hour in 1932 or $14.95 an hour in 2002? ▼ $14.95 in 2002 $0.55 in 1932

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400