You are suppose to bid for building 50 units of a special-purpose robot. It is expected that the first robot will take 120 hours to build. Historically, your company team's learning rate is 90% (i.e. assembly time is reduced by 10% every time the output is doubled). If the per hour manpower rate for the team is RM 100, what should be the minimum amount you should bid to avoid loosing money.

To expedite, you may average the time required for the first and the last unit to compute the total time required.

Please note that the cost of facilities and materials are to be provided by the company asking for the bid. Select the closest matching answer.

a.

465,528

b.

750,347

c.

5,32,454

d.

662,115