Darin Clay, the CFO of

MakeMoney.com, has to decide between the following two

projects:

The expected rate of return for either of the two projects is $13$ percent. What is the range

of initial investment $(l_0)$ for which Project Billion is more financially attractive than Project

Million? $($Do not round intermediate calculations and round your answer to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$