14. Your company wants to bid on the sale of 10 customized machines per year for five years. The initial costs for the project are $1.6 million with a salvage value of $800,000 after five years. The machine will be depreciated straight-line to zero over the five years. Annual fixed costs are estimated at $700,000. Variable cost per machine is $81,500. The project requires net working capital of $120,000. The company has a 34% tax rate and desires a 15% return on the project. What is the minimum price that the company should bid per single machine? a. $198,196 b. $212,028 C. $219,887 d. $221,009 e. $223,619