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You have just been offered a contract worth $1 24 million pat year for 7 years. However, to take the contract, you will need to

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You have just been offered a contract worth $1 24 million pat year for 7 years. However, to take the contract, you will need to purchase some new equipment Your discount rate for this project to 123%. 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? GORE The most you can pay for the equipment and achieve tha 12.3% annual returri is $ million (Round to two decimal places)

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