The XYZ Company is performing capital budgeting to decide whether to build a factory to produce bicycles.

The factory will cost $1 million at time 0 and $1 million at time 1.

It will result in positive cash flows of:

Time	Amount
2	100,000
3	200,000
4	300,000
5	400,000
6	500,000

The factory will be sold at time 6.

The opportunity cost of capital is 4% effective.

Find the minimum sale price at time 6 to make the factory a desirable investment.