You are working on a bid for a 4-year contract. Thus far, you have determined that you will need $167,300 for fixed assets that will be depreciated straight-line to zero over the life of the project and then salvaged for 39,000 . You will need $50,000 for net working capital at Time 0 , but the entire amount will be recoverable at the end of the project. If your costs for this contract will run $87,500 annually, and you face a 21 percent tax rate, what is the minimum annual value you can bid for this contract and still return 21 percent in nominal terms? Necessary OCF =$ Minimum bid =$