Your company wants to bid on the sale of 10 customized machines per year for five years. The initial costs for the project are $1.6 million with a salvage value of $800,000 after five years. The manufacturing equipment belongs in a 30% CCA class. Annual fixed costs are estimated at $700,001. Variable cost per machine is $81,501. The project requires net working capital of $120,001. The company has a 34% tax rate and desires a 15% return on the project. What is the minimum price that the company should bid per single machine?