Your Enterprise needs someone to supply it with $130,000$ cartons

of machine screws per year to support its manufacturing needs over

the next four years.$$ It will cost you $$765,000$ to purchase

and install the equipment necessary to start production; you'll depreciate this cost straight$-$line to zero over the projects life. You estimate that in four years, this equipment can be salvaged for $$375,000.$ Your fixed production costs will be $$190,000$ per

year and your variable production costs are estimated at $$8\mathrm{.}20$ per

carton.$$ You also need an initial net working capital of

$$59,500,$ which will be recovered at the end of the project.$$

Your tax rate is $22\%$ and you require a $14\mathrm{.}5\%.$ What bid proce per carton should you submit?

Round your answer to the nearest dollar, no dollar sign.

Answer