Raph Inc. needs someone to supply it with $1,000,000$ planks of wood per year to support its manufacturing needs over the next six years, and your company has decided to bid on the contract. It will cost your firm $$5,000,000$ to install the equipment necessary to start production. The equipment will be depreciated using the straight$-$line method to $0$ over the project's life. The salvage value of the equipment is expected to be $0.$ Your fixed costs will be $$2,000,000$ annually, and your variable production costs are $$14$ per plank. You also need an initial investment in net working capital of $$2,000,000,$ which will be recovered at the end of the project. The firm has a tax rate of $21\%,$ and the required rate of return is $10\%.$

Calculate the bid price. $($Round to $3$ decimals$)$