The army intends to buy 1,100 shovels per year for the next 3 years. To supply these shovels, Blossom will have to acquire manufacturing equipment at a cost of $155,000. This equipment will be depreciated on a straight-line basis over its five-year lifetime. At the end of the third year, Blossom can sell the equipment for exactly its book value ($62,000). Additional fixed costs will be $41,000 per year, and variable costs will be $3 per shovel. An additional investment of $25,000 in net working capital will be required when the project is initiated. This investment will be recovered at the end of the third year. Blossom has a 27 percent marginal tax rate and a 17 percent required rate of return. What is the lowest shovel price that the company can offer and still create value for stockholders? Round CF Opns answer to 0 decimal places and final answer to 2 decimal places