Hassle-Free Web is bidding to provide web hosting services for Hotel Lisbon. Hotel Lisbon pays its current provider $10,000 per year for hosting its webpage, handlingtransactions, etc.Hassle-Free figures that it will need to purchase equipment worth $14,900 up front and then spend $2,000 per year on monitoring, updates, and bandwidth to provide the service for 3 years. IfHassle-Free's cost of capital is 9.9%, can it bid less than $10,000 per year to provide the service and still increase its value by doingso?

Hassle-Free can bid as low as $ ... ?