Rick works for a sports equipment manufacturing company. He wants to compare the opinion of his older employees to the new employees. To do this, he separates all the employees into two groups, employees that have been with company five or more years and those that have been with the company less than five years. He then chooses 12 of his most trusted older employees and 16 new employees that have proven themselves and ask what they think about changing the medical insurance coverage.

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