$8)10$ points You are working on a bid to build two apartment buildings a year for the next three years. Thisproject requires the purchase of $$847\mathrm{.}000$ of equipment that wil be depreciated using straight$-$line depreciation toa zero book value over the project's life. Ignore bonus depreciation. The equipment can be sold at the end of theproject for $$415,000.$ You will also need $$165,000$ in net working capital over the life of the project. The fixedcosts will be $$528\mathrm{.}000$ a year and the variable costs will be $$1\mathrm{.}640\mathrm{.}000$ per building. Your required rate of returnis $16$ percent for this project and your tax rate is $24$ percent. What is the minimal amount, rounded to the nearest

$$100,$ you should bid per building?

A$)$$$4\mathrm{.}158\mathrm{.}400$B$)$ $$4,489\mathrm{.}500$C$)$ $$2\mathrm{.}065\mathrm{.}700$D$)$ $$2\mathrm{.}780\mathrm{.}600$E$)$$$2,244,800$

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