You will bid to supply 3 jets per year for each of the next 3 years to the Navy. To get set up, you will need $60 million in equipment, to be depreciated straight-line to zero over 3 years, with no salvage value. Total fixed costs per year are $10 million, and variable costs are $12 million per jet. Assuming a tax rate of 35% and a required return of 12%, what is the minimum price at which you should offer to supply the jets?

a. $14.5 million each

b. $16.5 million each

c. $20.5 million each

d. $24.5 million each

e. $29.5 million each

plz give me the answer and show me how you have solved it