#6: Ilson Publishing Company needs someone to supply it with 160,000 cartons of paper per year to support its printing needs over the next four years, and you have decided to bid on the contract. It will cost you $560,000 to install the equipment necessary to start production; you will depreciate this cost straight-line to zero over the project's life. You estimate that in four years, this equipment can be salvaged for $40,000. Your fixed production costs will be $185,000 /year, and your variable production costs should be $6.50 /carton. You also need an initial investment in net working capital of $35,000. If your tax rate is 30% and you require a 14% return on your investment, what minimum bid price per carton should you submit? Note: The bid price is the lowest price you can charge for each carton of paper