Martin Enterprises needs someone to supply it with 123,000 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 $810,000 to install the equipment necessary to start production; you'll depreclate this cost straight-Ine to zero over the project's life. You estimate that, in five years, this equipment can be salvaged for $158,000. Your fixed production costs will be $465.000 per year, and your varlable production costs should be $10.30 per carton, You also need an initlal investment in net working capital of $73,000. If your tax rate is 24 percent and you require a return of 12 percent on your Investment, what bid price should you submit? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)