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Score: 0 of 1 pt 8 of 18 (0 complete HW Score: 0%, 0 of 16p P 8-23 (similar to) Question Help You have just

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Score: 0 of 1 pt 8 of 18 (0 complete HW Score: 0%, 0 of 16p P 8-23 (similar to) Question Help You have just been offered a contract worth $109 million per year for years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this project is 11.6%. 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 11.6% annual return is million (Round to two decimal places)

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