Eagle Pharmaceutical has innovative techniques for motivating its salesforce, such as featuring them in the company newsletter and providing gifts, stock, and even trips for the top 20 salespeople each year. It employs a video conference hook-up between the honored salesperson and four regional sales managers to capture some of the successful tactics and strategies used ttho succeed. Managers summarize these ideas and pass them along to the salespeople they manage

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