Verity International is looking for contractors to supply their printed materials for the next $5$ years. You have determined that, in order to meet their needs, you would need $$105,750$ worth of equipment and would incur $$252,700$ in fixed costs annually. You will also need to increase your net working capital by $$28,700,$ but should be able to recover it at the end of the project. You will depreciate the equipment straight$-$line to zero and should be able to salvage it at the end of the project for $$9,100.$ Your tax rate is $21$ percent, and your required return is $13$ percent. What is the minimum annual value you can bid for this contract?