3) You have a new project. It will pay $ 1 million per year for the next 5 years. First payment will begin at the end of first year. You will need to buy new equipment today. Appropriate discount rate is 12% per year. What is the maximum amount you would pay for the equipment to avoid negative NPV? Maximum Equipment Value=$ 4) You are evaluating two investment opportunities. At what discount rate would both projects have the same NPV? 02 12 24 32 4. le + le -100- -100. 25+ 50- 30. 40. 40. 30. 50 20. Discount Rate %