A project is expected to generate new sales with total annual costs of $$1\mathrm{.}1$ million and has initial installed cost of $$5$ million. The cash flows are expected to continue in perpetuity and the equipment will NOT be depreciated for tax purposes. The tax rate is $40\%$ and the required return is $10\%.$ What is the minimum value of the new sales generated that would make this a good project?

approximately $$1\mathrm{.}93$ million

approximately $$1\mathrm{.}83$ million

$$500,000$

$$1\mathrm{.}6$ million