The following data are available on Del Fabbro International, Inc. The fixed (home office) overhead for the past year was $365,200. Total volume was $5.4 million. It is assumed that G & A costs will account for $1.080 million of this volume.

Del Fabbro uses a profit markup of 10%. The estimating department has indicated that the direct and field indirects for a renovation job will be $800,000. What bid price should be submitted to ensure proper coverage of fixed overhead? Assume a 5% inflation factor and a 12% growth factor in the calculation.