Guthrie enterprises needs someone to supply it with 175000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $1800000 to install the equipment necessary to start production; you'll depreciate this cost straight line zero over the project's life. You estimate that in five years this equipment can be salvaged for $160000. Your fixed production costs will be $265000 per year, and your variable production costs should be $13.25 per carton. You also need an initial investment in net working capital of $175,000. If your tax rate is 35 percent and you require a return of 13 percent on your investment, what bid price should you submit? Answer: $18.21. CAN YOU SHOW YOUR WORK INCLUDING ALL CALCULATIONS SO I CAN SEE HOW TO GET THIS ANSWER. THANKS