Show $me$ the steps $to$ solve The technique for calculating a bid price can $be$ extended $to$ many other types $of$ problems. Answer the following questions using the same technique $as$ setting a bid price; that $is,$ set the project $NPVto$ zero and solve for the variable $in$ question. Martin Enterprises needs someone $to$ supply $it$ with $156,000$ cartons $of$ machine screws per year $to$ support its manufacturing needs over the next five years, and you$ve$ decided $to$ bid $on$ the contract. $It$ will cost $$1,960,000to$ install the equipment necessary $to$ start production; you$ll$ depreciate this cost straight$-$line $to$ zero over the project$s$ life. You estimate that, $in$ five years, this equipment can $be$ salvaged for $$166,000.$ Your fixed production costs will $be$ $$281,000$ per year, and your variable production costs should $be$ $$11\mathrm{.}00$ per carton. You also need $an$ initial investment $in$ net working capital $of$ $$146,000.$ The tax rate $is21$ percent and you require a return $of10$ percent $on$ your investment. Assume that the price per carton $is$ $$17\mathrm{.}60.$ The technique for calculating a bid price can be extended to many other types of

problems. Answer the following questions using the same technique as setting a bid

price; that is$,$ set the project NPV to zero and solve for the variable in question. Martin

Enterprises needs someone to supply it with $156,000$ cartons of machine screws per

year to support its manufacturing needs over the next five years, and you've decided to

bid on the contract. It will cost $$1,960,000$ to install the equipment necessary to start

production; you'll depreciate this cost straight$-$line to zero over the project's life. You

estimate that, in five years, this equipment can be salvaged for $$166,000.$ Your fixed

production costs will be $$281,000$ per year, and your variable production costs should be

$$11\mathrm{.}00$ per carton. You also need an initial investment in net working capital of $$146,000.$

The tax rate is $21$ percent and you require a return of $10$ percent on your investment.

Assume that the price per carton is $$17\mathrm{.}60.$

a$.$ Calculate the project NPV$.($Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the minimum number of cartons per year that can be supplied and still break

even? $($Do not round intermediate calculations and round your answer to the

nearest whole number, e$.$g$.,32.)$

c$.$ What are the highest fixed costs that could be incurred and still break even? $($Do not

round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

$a.$

Calculate the project $NPV.(Do$ not round intermediate calculations and round your answer $to2$ decimal places, $e.g.,32\mathrm{.}16.)$

$b.$

What $is$ the minimum number $of$ cartons per year that can $be$ supplied and still break even? $(Do$ not round intermediate calculations and round your answer $to$ the nearest whole number, $e.g.,32.)$

$c.$

What are the highest fixed costs that could $be$ incurred and still break even? $(Do$ not round intermediate calculations and round your answer $to2$ decimal places, $e.g.,32\mathrm{.}16.)$