The technique for calculating a bid price can be extended to many other types of problems. Answer the following questions using the same technique as setting a bid price; that is$,$ set the project NPV to zero and solve for the variable in question. Martin Enterprises needs someone to supply it with $148,000$ cartons of machine screws per year to support its manufacturing needs over the next five years, and you$$ve decided to bid on the contract. It will cost $$1,880,000$ 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 $$158,000.$ Your fixed production costs will be $$273,000$ per year, and your variable production costs should be $$10\mathrm{.}20$ per carton. You also need an initial investment in net working capital of $$138,000.$ The tax rate is $23$ percent and you require a return of $14$ percent on your investment. Assume that the price per carton is $$16\mathrm{.}80.$