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•Alton Enterprises needs someone to supply it with 175,000cartons of machine screws per year to support its manufacturingneeds over the next 5 years, and you have decided to bid on thecontract. It will cost you $570,000 to install the equipmentnecessary to start production. The equipment belongs to asset class10 (30% CCA rate) and you estimate that it can be salvaged for$77,000 at the end of the 5-year contract. Your fixed productioncosts will be $182,000 per year, and your variable production costswould be $6.25 per carton. You also need an initial NWC investmentof $75,000 (assume this will be recovered at the end of theproject). You corporate tax rate is 40% and you require a 20%return on your investment.2.What is your breakeven price per carton?