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Could you kindly give me the answer directly for this question ? PS: As I have to submit my home work asap I have a

Could you kindly give me the answer directly for this question ?

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PS: As I have to submit my home work asap I have a deadline. you may kindly write me just quickly the final answer with main steps (if you want)

Thank you in advance

You are working on a bid to build four cabins a year for the next three years for a local campground. This project requires the purchase of $90,000 of equipment which will be depreciated using straight-line depreciation to a zero book value over the three years. The equipment can be sold at the end of the project for $40,000. You will also need $16,000 in net working capital over the life of the project. The fixed costs will be $18,000 a year and the variable costs will be $88,000 per cabin. Your required rate of return is 14 percent for this project and your tax rate is 34 percent. What is the minimal amount, rounded to the nearest $500, that you should bid per cabin

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