3. for employment with the firestorm smokejumpers—a crew of elite paratroopers who parachute into dangerous situations to fight fires—applicants must complete a series of tests. the crew chief sends the most qualified applicants a letter stating that they will be admitted to firestorm’s training sessions if they pass a medical exam. jake kurzyniec receives the letter and passes the exam, but a new crew chief changes the selection process and rejects him. is there a contract between kurzyniec and firestorm? if there is a contract, what type of contract is it?

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