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Score: 0 of 1 pt 13 of 20 (5 complete) HW Score: 15%, 3 of 20 pts X P 8-23 (similar to) s Question Help
Score: 0 of 1 pt 13 of 20 (5 complete) HW Score: 15%, 3 of 20 pts X P 8-23 (similar to) s Question Help You have just been offered a contract worth $1.07 million 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 12.3%. 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 12.3% annual return is $ million. (Round to two decimal places.)
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