MajuConstruction(MCo) Sdn. Bhd. isbiddingonacontracttobuildfourtiny camping house(TCH) ayear for thenext threeyearsforSintokiancampsite.EachTCH willbesoldatthepriceofP.The project requiresthepurchaseofRM132,000ofequipmentwhichwillbe depreciatedusing simplified straight-line depreciationto azerobook valueoverthethree years.The equipmentcanbesold attheendoftheprojectforRM80,000.MCowillalsoneed RM32,000innetworking capitaloverthelifeoftheproject.Thefixedcostswillbe RM36,000ayear andthevariable costswillbe RM176,000per TCH.MCorequiredrate of return is 14% forthis project and thetaxrate is24%.Based on the information given: Calculatethe terminal cash flows oftheproject.

What is the minimum amount that MCo should bid per TCH if the company required NPV of RM20,000 on this project?