Romo Enterprises needs someone to supply it with $118,000$ 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 $$850,000$ to install the equipment necessary to start production; you'll depreciate this cost straight$-$line to zero over the project's life. You estimate that, in five years, this equipment can be salvaged for $$68,000.$ Your fixed production costs will be $$323,000$ per year, and your variable production costs should be $$10\mathrm{.}10$ per carton. You also need an initial investment in net working capital of $$73,000.$ If your tax rate is $35$ percent and you require a return of $12$ percent on your investment, what bid price should you submit?