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please answer both sections. thank you! You have just been offered a contract worth $1.01 million per year for 7 years. However, to take the

please answer both sections. thank you!
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You have just been offered a contract worth $1.01 million per year for 7 years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this project is 12.2%. 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 12.2% annual return is $ million. (Round to two decimal places.) Cellular Access, Inc., a cellular telephone service provider, reported net income of $248.9 million for the most recent fiscal year. The firm had depreciation expenses of $105.2 million, capital expenditures of $190.2 million, and no interest expenses. Net working capital increased by $10.7 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is \$ million. (Round to one docimal place.)

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