Last month your company posted $100,000 with Contracts R-Us to get approved to Bid on contracts via their website. Trump Enterprises is looking for a suppler of red busebat caps, and your boss wants you to bid on the contract. The company requires 110,000 baseball caps per year over the next five years. You estimate that the necescary equipment will cost $770,000, and the equipment will be depreciated straight fine to zero over the project's life. You believe this equipment can be sold for $60,000 at the end of the prolect. You further estimate the fixed costs to be $315,000 per year, and the varlable production costs to be $9.30 per hat. You'll need an initial investment in net working capital of $65,000, but this will be recovered at the end of the.project. Your tax rate is 34 percent and you require a return of 10 percent on your investment. What is the lowest bid price (per unit) you should submit (i.e. price where NPV=0)? Part A: Start by calculating the operating cash flow that, when received as an annuity for 5 years, would set the NPV =0. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Part B: Now calculate the bid price. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)