Consider a project to supply $101$ million postage stamps per year to the U$.$S$.$ Postal Service for the next five years. You have an idle parcel of land available that cost $$1,710,000$ five years ago; if the land were sold today, it would net you $$1,785,000$ aftertax. The land can be sold for $$1,749,000$ after taxes in five years. You will need to install $$5\mathrm{.}4$ million in new manufacturing plant and equipment to actually produce the stamps; this plant and equipment will be depreciated straight$-$line to zero over the project's five$-$year life. The equipment can be sold for $$640,000$ at the end of the project. You will also need $$580,000$ in initial net working capital for the project, and an additional investment of $$51,000$ in every year thereafter. Your production costs are $\mathrm{.}49$ cents per stamp, and you have fixed costs of $$1,060,000$ per year. If your tax rate is $22$ percent and your required return on this project is $11$ percent, what bid price should you submit on the contract? $($Do not round intermediate calculations and round your answer to $5$ decimal places, e$.$g$.,32\mathrm{.}16161.)$