A 4-year project has an annual operating cash flow of $50,500. At the beginning of the project, $4,150 in net working capital was required, which will be recovered at the end of the project. The firm also spent $22,200 on equipment to start the project. This equipment will have a book value of $4,580 at the end of the project, but can be sold for $5,610. The tax rate is 35 percent. What is the Year 4 cash flow

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))