You are working on a bid to build a bridge per year for the next three years. This project requires the purchase of $$1,000,000$ of equipment that will be depreciated using straight line depreciation to a zero$-$book value over the project's life. Ignore bonus depreciation. The equipment can be sold at the end of the project for $$400,000.$ You will also need $$250,000$ in net working capital over the life of the project. The fixed costs will be $$500,000$ per year and the variable costs will be $$3,000,000$ per bridge. Your required rate of return is $20$ percent for this project and your tax rate is $10$ percent. What is the minimal amount, rounded to the nearest $$100,$ you should bid per bridge? Note: $3$ years annuity factors of $20\%$ required return $=2\mathrm{.}106$