Your company is bidding to be a supplier to provide $120,000$ units per year for the next five years. You will need a $$1,200,000$ piece of equipment $($life of $5$ years$)$; although you will depreciate it down to zero, at the end of the project you estimate that this machine will have a Salvage Value of $$140,000.$ Your variable costs should be $$10\mathrm{.}25$ per unit, while your annual fixed costs should be $$525,000.$ You need working capital in the amount of $$14,000$ but you will recover all of it by the end of the project. If your Tax Rate is $21\%$ and your required return is $15\%,$ what is the minimum bid $($per unit$)$

that you should submit? $($Round your answer to dollars and cents$)$

Group of answer choices

$$17\mathrm{.}76$

$$16\mathrm{.}84$

$$18\mathrm{.}02$

$$17\mathrm{.}12$