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Martin Enterprises needs someone to supply it with 156,000 cartons of machine screws per year to support its manufacturing needs over the next five years,

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Martin Enterprises needs someone to supply it with 156,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and youve decided to bid on the contract it will cost you $1,960,000 to install the equipment necessary to start production. youll depreciate this cost straight-line to zero over the project's life. You estimate that, in five years, this equipment can be salvaged for $165.000 Your fixed production costs wil be $281,000 pet year, and your wariable production costs should be $1010 pet carton. You also need an initial investment in net working capital of $146,000. If your tax rate is 21 percent and you require a return of 10 percent on your imvestment, what bid price per carton stsould you submit? Note De not round intermediste calculotions ond round your answer to 2 decimal ploces, e.9.4. 32.16

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