PriceCut Pharmacy Ltd. has asked your firm to provide a quote to supply vitamin supplements for the next 4 years. You are told the annual requirement will be 80.000 bottles of the product. You estimate that initial investment in equipment to manufacture the product is $698,000. Tax Office rules permit deprecation of the equipment to zero book value over the life of the project using straight line method. The equipment can be sold for $149,000 at the end of the project. Annual expenses to produce PriceCut's requirement will be $312,000. Initial investment in net working capital is estimated at $56,000 which will be recovered at the end of the project. Your company pays tax at 34 percent and discount rate is 18 percent. What is the minmum price per bottle that you will quote? Multiple Choice $6.93 $8.52 $9.15 None of the answers provided is correct