Montana Company was authorized to issue 135,000 shares of common stock. The company had issued 60,000 shares of stock when it purchased 9,500 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? a. 125,500.
b. 69,500.
c. 60,000.
d. 50,500.

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