In addition to deciding accept or reject on capital budgeting projects, we can set the bid price on a project. Contractors will be willing to bid a price that sets the project net present value to zero because they are earning an acceptable economic return via the 0.12 discount rate. Healthos Clinic needs 180,180 cartons of bandages per year over the next 4 years. It will cost your company $1,450,000 to install the equipment if you decide to bid on the Healthos contract. You will depreciate this straight-line to zero over the project's life. At the end of the project's life, the equipment can be salvaged for $175,175. Your annual fixed costs are $160,000. Your variable production cost is $20.17 per carton. You require $170,000 in net working capital. The tax rate is 0.25. What is the most you should bid per carton of bandages?