#3. Robo-Med, Inc. requested bids for 5,000 Random Access Memory cards per year that will be used to expand its production and market base for the next 5 years. Consider the following information: Initial asset investment: $10,000,000 Fixed production cost: S1,600,000 Variable production cost: $20.000 Depreciation: Fully depreciates on straight-line basis with the expected salvage value of zero Required initial investment in NWC: 5500,000 Tax rate: 40% Required return:15% Find bid price per card you should submit. (15 pts) Sales: 5,000 p Cost: variable cost - 20,000 Fixed Cost-1.600,000 Total cost - 1.620,000 Depreciation (500,000-0)/7 = 714,258.56