Autumn's Bakery is going to bid on making the deserts for the city's annual celebration for the next four years. The additional materials will cost $12,000 per year and an additional refrigerator can be leased for $2,000 per year. Additional labor costs will be $4,000 per year. Autumn's Bakery will have to invest $10,000 in net working capital and will recoup these funds at the end of the project. Autumn's Bakery will also have to invest in some new equipment costing $6,000 (straight-line depreciation to zero). It will be worth $2,000 at the end of the four years. Tax rate is 35 percent. Desired return is 25 percent. The annuity table factor for 25 percent is 2.362. What should Autumn's Bakery bid for this job? 24500 50500 24600 24500 47800