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Your company wants to bid on the sale of 10 customized machines per year for five...

Your company wants to bid on the sale of 10 customized machines per year for five years. The initial costs for the project are $1.6 million with a salvage value of $800,000 after five years. The manufacturing equipment belongs in a 30% CCA classAnnual fixed costs are estimated at $700,001Variable cost per machine $ 81,501. The project requires net working capital of $120,001 . The company has a 34% tax rate and desires a 15% return on the project. What is the minimum price that the company should bid per single machine ?
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