what is the minimum price per carton that should bid

ABC Corp. has decided to ask suppliers to bid on the 50,000 cartons of precision machine screws that ABC Corp. needs to purchase per year to support its manufacturing needs over the next five years. You have decided to submit a bid to supply the machine screws. . It will cost you $800,000 to install the necessary equipment which will be fully depreciated over a straight line basis over five years (means salvage value will be zero at the end of the fifth year). The incremental Selling, General & Administrative (SG&A) expense will be $150,000 a year and variable costs will be $10.50 per carton Bank of America has agreed to lend to you a loan with an amount of $350,000. The interest rate is 5% per year. The project has a 16% cost of capital and a 35% tax rate For simplicity, assume the following Changes in net working capital are zeros for each year (from Year 0 to Year 5). Revenue, cost of goods sold, and SG&A expenses remain the same over the 5-year period