Now work the same problem changing a few things.Cougar Athletics is soliciting bids on a 3-year contract to produce 3,000 t-shirts per year to be given away at athletic events. You have decided to bid on the contract. It will cost you $3 per shirt in variable costs (buying plain t-shirts and paying an employee to imprint them) and $6,000 per year in fixed costs. A t-shirt printing machine will cost $7,500. The machine will be depreciated to zero over its 3-year life and it will not have any salvage value. There are no net working capital implications for the project. If your tax rate is 30% and your required return on this project is 15%, how much would you bid for the contract? State your answer in the total price, not the per-unit price.

OCF annuity necessary to equal initial investment $3,284.83. NI needed to generate OCF $784.83. Sales needed to generate. NI $18,621.18. Total Sales over three years $55,863.55.

This is answer, but I do not know how I can get those number.