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D You have just been offered a contract worth $1.16 milion per year for 5 years. However, to take the contract, you will need to

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D You have just been offered a contract worth $1.16 milion per year for 5 years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this project is 12.4% You are still negotiating the purchase price of the equipment. What is the most you can pay for the equipment and still have a positive NPV? The most you can pay for the equipment and achieve the 12.4% annual retum is 8 million (Round to two decimal places.) Enter your answer in the answer box 2

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