2. (10 points) You are considering making a bid for a contract for modifying agricultural implements for a local distributor. The distributer has requested bids for 10 specifically modified tractors each year for the next 5 years for a total of 50 implements in all. The lowest possible price you could possibly charge will result in a $o NPV at your required rate of return of 16%. The steel base forms cost $15,000 each, facilities are leased for $35,000 per year and labor and material cost $8,500 per implement. New equipment is $100,000 and after-tax salvage is $20,000(1-.39)- $12,200. The net working capital will be $5,000 up front in year 0, and reversed at the end of th e project. Assuming straight line depreciation, a marginal tax rate of 3490, and a required rate of return of 16%, how much should you bid per implement