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you have just been offered a comtract worth 1.23 million per year for 7 years. however, to take the contract, you will need to purchase

you have just been offered a comtract worth 1.23 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 12.3%. 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?

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