You have been offered a contract worth 1 million per year for five years. however, to take the contract, you will need to purchase some new equipment. your discount rate for this project is 10%. 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 Net Present Value?

$3,104,607

$3,790,787

$4,545,455

$5,000,000