Question 4. Yoo Jae-Suk is in the business of buying stripped-down truck platforms and then modifying them to customer specifications for resale. A local distributor has requested bids for six specially modified trucks each year for the next five years, for a total of 30 trucks in all. Suppose Yoo Jae Suk can buy the truck platforms for $12,400 each. The facilities he needs can be leased for $37.000 per year. The labor and material cost to do the modification works out to be about $4,150 per truck. He also needs to invest $78,500 in new equipment. This equipment will be depreciated straight-line to a zero salvage value over the five years. It will be worth about $6,000 at the end of that time. Yoo Jae- Suk will also need to invest $37,000 in raw materials inventory and other working capital items (will be recovered at the end of project). The relevant tax rate is 25 percent. What price per truck should Yoo Jae- Suk bid if he requires 18 percent return on our investment? (12 points)