29) A local government awards a landscaping company a contract worth $1.2 million per year for five yea maintaining public parks. The landscaping company will need to buy some new machinery before the on the contract. If the cost of capital is 7%, what is the most that this equipment could cost if the contra worthwhile for the landscaping company? A) $4.61 million B) $4.55 million C) $5.26 million D) $4.92 million