Joy Inc Is bidding on a contract to provide 40 lasers each year for five (5) years to Advanced Micro Devices, Inc. Joy's cost structure related to this is as follow: - Facilities that must be leased each year: $500,000 - Labor per unit: $1,000 - Material per unit: $5,000 - Investment in new equipment specialized lathes: $2,100,000 and will be depreciated at 20%. PV of Tax Shield for this capex will be $270,666 - Salvage value of the new equipment will be $300,000. - Working capital of $340,000 will be required and will be released at the end of the project. - Joy has a 36% tax rate and uses a 20% discount rate. How much should Joy bid for each unit? a. $25,547 per unit b. None of these answers c. $45,981 per unit d. $38,835 per unit e. $31,258 per unit