Teabag Inc is looking for a supplier for tea for the next 4 years. They have a demand for 110,000 bags of tea per year. Your company is submitting a bid for this project. This project requires initial investment of $698,000 in specialized machinery. This machinery will be depreciated using straight-line to zero over the life of the project (4 years). This machinery can be sold for $149,000 at the end of the project. The project would require $56,000 of net working capital, all of which is recoverable, along with $312,000 in annual expenses. What is the minimum price per unit you should bid on this project if you require a rate of return of 18 percent and have a tax rate of 34 percent?