Water Supplier Inc. is working on a bid to build two water tanks for the city of Elon a year for the next three years. This project requires the purchase of $185,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the 3-year project life. The equipment will be worthless at the end of the project with zero salvage value. You will also need $20,000 in net working capital for the duration of the project. The fixed costs will be $18,000 a year and the variable costs will be $168,000 per tank. Your required rate of return is 15 percent and your tax rate is 34 percent. What is the minimal amount you should bid per tank? O a $219,876.42 O b. $224,772.02 Oc$232,280.26 O d. 5242,295.34 e $242,495.34