A regional tax office has an average of 80 taxpayers per hour arriving at the centre. Everybody must register with the receptionist. On average 15 people are waiting to see the receptionist and 48 people are through reception and are waiting to see a taxation representative. The receptionist takes an average of 5 minutes per person. When a person has met with the representative, an average of 80% will be classified as having a minor problem, in which case it will be resolved in an average time of 10 minutes. The remaining cases will be classified as having a major problem and they will spend an average of 40 minutes with the representative. On average, how long, in minutes, does a person spend in the tax centre

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