You Are Working on a Bid to Build Three Amusement

question 359

Multiple Choice

You are working on a bid to build three amusement parks a year for the next two years. This project requires the purchase of $52,000 of equipment which will be depreciated using straight-line depreciation to a zero book value over the two years. The equipment can be sold at the end of the project for $34,000. You will also need $16,000 in net working capital over the life of the project. The fixed costs will be $10,000 a year and the variable costs will be $70,000 per park. Your required rate of return is 10% for this project and your tax rate is 35%. What is the minimal amount, rounded to the nearest $500, you should bid per amusement park?

• A) $20,000
• B) $66,500
• C) $68,000
• D) $74,000
• E) $79,500

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Definitions:

Cognitive Declines

The process of deterioration in cognitive function, which may include memory, problem-solving, and attention.

Gastric Juices

Stomach secretions that aid in digestion.

Digestion

The biological process by which food is broken down into simple nutrients to be absorbed and used by the body.

Large Intestine

The final section of the gastrointestinal tract, responsible for water absorption and the formation of feces.