) cantoments Ent needs someone to supply it with 240,000 cartons of machine screws per year for the next five years to support its manufacturing needs, and you've decided to bid on the contract. Installing the equipment required to begin production will cost you $900,000. The equipment will be depreciated at a rate of $160,889.11 per year, with a salvage value of $65,000 at the end of the five-year contract. Your annual fixed production costs will be $400,000, with variable production costs of $15.10 per carton. You will also require $90,000 in initial net working capital. What bid price should you submit if your tax rate is 35% and you need a 15% return on investment?