The No- Shoplift Security Company is interested in bidding on a contract to prov

The No- Shoplift Security Company is interested in bidding on a contract to provide a new security system for a large department store chain. The new security system would be phased into 10 stores per year for five years. No- Shoplift can purchase the hardware for $ 50000 per installation. The labor and material cost per installation is approximately $ 15000. In addition No- Shoplift will need to purchase $ 100000 in new equipment for the installation which will be depreciated to zero using the straight- line method over five years. This equipment will be sold in five years for $ 25000. Finally an investment of $ 50000 in net working capital will be needed. Assume that the relevant tax rate is 34 percent. If the No- Shoplift Security Company requires a 10 percent return on its investments what price should it bid?