Q$8)$ Sam's Enterprises needs someone to supply it with $90,000$ 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 $$800,000$ to install the equipment necessary to start production. The equipment will be depreciated at $$143,713\mathrm{.}13$ per year, and you estimate that it can be salvaged for $$60,000$ at the end of the five$-$year contract. Your fixed production costs will be $$400,000$ annually, and your variable production costs should be $$200$ per carton. You also need an initial net working capital of $$70,000.$ If your tax rate is $30\%$ and you require a $10\%$ return on your investment, what bid price should you submit?