3. You are working on a bid to build two on-campus housing units a year for the next 3 years for WSU. This project requires the purchase of $400,000 of equipment that will be depreciated using straight-line depreciation to a zero-book value over the project's life. The equipment can be sold at the end of the project for $125,000. You will also need $80,000 in net working capital over the life of the project. The fixed costs will be $30,000 a year and the variable costs will be $200,000 per building. Your required rate of return is 12 percent for this project and your tax rate is 35 percent. What is the minimal amount, rounded to the nearest $100, you should bid per housing unit? (13 points)