You own a catering business in New York. You have been asked to cater an event for NYU. NYU has requested a bid for you to cater 1,100 guests. As you reviewed your prior contracts you found that you catered an event for 300 at an average cost of $4.15; an event for 750 at an average cost of $3.90; and an event for 1,200 at an average cost of $3.75. How much should you bid for the contract for NYU assuming you expect to earn 25% on the job?