Romo Enterprises needs someone to supply it with 121,000 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 $880,000 to install the equipment necessary to start production; you'll depreciate this cost straightline to zero over the project's life. You estimate that, in five years, this equipment can be salvaged tor $11,000. Your fixed production costs will be $320,000 per year, and your variable production costs should be $10.40 per carton. You also need an initial investment in net working capital of $T6,000. If your tax rate is 30 percent and you require a return 01 11 percent on your investment, vmat bid price should you submit? [Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.} $ Bid pn'ce