The government has imposed a fine on jj’s place. the fine calls for annual payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. the first payment is due one year from today. the government plans to invest the funds until the final payment is collected and then donate the entire amount, including the investment earnings, to the local community shelter. the government will earn 5.5 percent on the funds held. how much will the community shelter receive four years from today?

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400