magine that you are working on a bid to build three playgrounds a year for the next 2 years. This project needs the purchase of 48,000USD of equipment. This equipment will be depreciated using straight-line depreciation to a zero book value over the 2 years. The value of equipment at the end of the project is 30 000 USD. Also you will need 10,000 USD in net working capital over the life of the project. The fixed costs are 15,000 USD per year. Variable costs will be 65,000 USD per playground. Required rate of return is 12 %. Tax rate is 35 percent. What is the minimal amount rounded to the closest 500 USD , that you should bid per playground?