Joseph Production Company is bidding an 8-year contract to provide the customer with 1,000 units of product per year. Their accounting department has estimated a labor and material costs of $15 per unit. An initial capital investment of $1,800,000 is required. The equipment belongs to CCA class 43. Initial net working capital of $100,000 is also needed, as are subsequent investments of $10,000 per year over the life of the contract. The firm must pay factory lease expenses of $75,000 per year. Equipment maintenance expenses are projected to be $110,000 per year. Both lease expenses and maintenance expenses are payable at the end of the year. At the end of the contract, the capital equipment can be sold for $1,000,000. The firm has a tax rate of 36% and a required return rate of 12%.

Required: Determine the before tax unit price Joseph should bid for this contract. Round the unit price to the nearest dollar. Show all calculations.