You are working on a bid for a $7-$year contract. Thus far, you have determined that you will need $$160,300$ for fixed assets that

will be depreciated straight$-$line to zero over the life of the project and then salvaged for $40,400.$ You will need $$47,200$ 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 $$91,000$ annually, and you face a $21$ percent tax rate, what is the minimum annual value you can bid for this contract and

still return $14$ percent in nominal terms?

Necessary OCF $=$$

Minimum bid $=$$