Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects:

Year	Project Million			Project Billion
0	$	1,500			$lo
1	lo +	190		lo	+ 550
2		990			1,350
3		1,350			1,900

The expected rate of return for either of the two projects is 12 percent. What is the range of initial investment (I_o) 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., 32.16.)