Consider a project to supply $99$ 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 $$1,700,000$ five years ago; if the land were sold today, it would net you $$1,775,000$ aftertax. The land can be sold for $$1,747,000$ after taxes in five years. You will need to install $$5\mathrm{.}3$ 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$$s five$-$year life. The equipment can be sold for $$610,000$ at the end of the project. You will also need $$570,000$ in initial net working capital for the project, and an additional investment of $$49,000$ in every year thereafter. Your production costs are $\mathrm{.}47$ cents per stamp, and you have fixed costs of $$1,040,000$ per year. If your tax rate is $25$ percent and your required return on this project is $9$ 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$.,32\mathrm{.}16161.)$ step by step with calculation?