crane shovel company has decided to bid for a contract to supply shovels to the honduran army. The honduran army intends to buy 1000 shovels per year for the next 3 years. To supply these shovels, Crane will have to acquire manufacturing equipment at a cost of $156,000. This equipment will be depreciated on a straight line basis over its five year lifespan. At the end of 3 years, Crane can sell the equipment for exactly it book value,($62400). Additional fixed costs will be $39,000 per year , and variable costs will be $3.00 per shovel. An additional investment of $21,000 in net working capital will be required when the project is initiated. This investment will be recovered at the end of the third year. Crane shovel has a 27% marginal tax rate and a 15% required rate of return on the project. What is the lowest possible per shovel price that Crane can offer for the contract and still create value for its stockholders?