What is the bid price for the following situation: You have been approached by a client interested in buying $150,000$ widgets a year from you for $10$ years and has asked you to submit a bid for his consideration. To be able to produce these widgets, you need to invest in $$380,000$ in equipment. The equipment has a taxable life of $10$ years and will be depreciated using straight line. At the end of the $10$ years, the equipment can be sold for $$70,000($market or scrap value$).$ The variable cost of producing the widgets is $$10$ per unit and you will incur in a fixed cost of $$50,000$ a year. You have estimated you will need $$40,000$ today in working capital. The appropriate discounting rate for this type of projects is $12\%.$ The corporate tax rate applicable to you in this case is $20\%.$ What is the minimum price you would charge for each widget $($bid price to be given by you to the client$)?$

For your answer, do not enter the dollar sign $($$$),$ DO NOT use commas, and you can round to TWO decimals. For example if your result is $$12\mathrm{.}429,$ then enter $12\mathrm{.}43$