Read the statement, and then answer the question. a subtle form of product advertising called product placement occurs when a company pays to have its product seen in an entertainment feature. what is an example of product placement?
a. characters in a movie board a flight on an airplane.
b. characters in a movie order a soda at a carnival.
c. characters in a movie prepare a salad in their kitchen.
d. characters in a movie have coffee at a brand-name coffee shop.

Dahlia enterprises needs someone to supply it with 127,000 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 you $940,000 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 $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))