Case Study: oseph Production Company is bidding a 10-year ontract to provide the customer with 4,000 units of product per year. Their accounting department has stimated a labor and material costs of $30 per unit. n initial capital investment of $1,000,000 is required. he equipment belongs to CCA class 43. Initial net orking capital of $50,000 is also needed. The rm must pay factory lease expenses of $50,000 per year. Equipment maintenance expenses are projected to be $30,000 per year. Both lease expenses and maintenance expenses are payable at the end of the ear. At the end of the contract, the capital equipment an be sold for $20,000. The rm has a tax rate of 0% and a required return rate of 15%. Please: Determine the before tax unit price Joseph hould bid for this contract. Round the unit price to he nearest dollar. Show all calculations using excel, how formulas and explanation please thank you