What bid price should be submitted to insure proper coverage of fixed overhead based on the following data? What is the breakeven point for the present year?

- The fixed (home office) overhead for the past year was $365,300

- Total volume was $5,400,000

- The company uses a profit markup of 10%

- The estimating department has indicated that the direct project and project (field) indirect costs will be $800,000

- Assume a 5% inflation factor and a 12% growth factor