Roads Co$.$ is bidding for constructing $2$ bridges per year around Sydney for the next $3$ years. This project requires initial investment of$$847,000$ in specialized machinery. The machinery will be fully depreciated to zero book value using straight$-$line depreciation over the lifeof the project. The machinery can be sold at the end of the project for $$415,000.$ You will also need $$165,000$ in net working capital over thelife of the project. The fixed costs will be $$528,000$ a year and the variable costs will be s$1\mathrm{.}640\mathrm{.}000$ per bridge. The required rate of return is$16$ percent for this project and the tax rate is $24$ percent. What is the minimal amoint, rounded to the nearest $$100,$ the firm should bid perbridge?