bid price(nearest dollar)=

Your Enterprise needs someone to supply it with 175,000 cartons of machine screws per year to support its manufacturing needs over the next five years. It will cost you $570,000 to purchase and install the equipment necessary to start production. The equipment will be depreciated at a 30% ccA rate and it should have a salvage value of $77,000 at the end of the five-year contract. Your fixed production costs will be $182,000 per year and your variable production costs are estimated at $6.25 per carton. You also need an initial net working capital of $75,000, which will be recovered at the end of the project. If your tax rate is 37% and you want a 20% return on your investment, what is an appropriate bid price? Round your answer to the nearest dollar, no dollar sign