50000

Dep = 3 =1667

1. npv= -60000 + ocf * pvifa(15% , 3) + 16600*pvif(15% ,

3)
0= -60000+ ofc * 2.283225+10914.77
49085.2= ofc * 2.283225
Ofc = 21498.2

2. ofc = net income + dep

21498.2= net income + 16667
Net income = 4871.2

3. net income = ( sales – exp – dep )*(1-tax)

4831.2 = (SALES -52000 – 16667 )*.66
7320= sales – 68667
Sales = 75987
4. (bid price) selling price =75987 ÷ 4 = 18997