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You have just been offered a contract worth $ 1 . 0 2 million per year for 7 years. However, to take the contract, you
You have just been offered a contract worth $ 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 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 annual return is million. Round to two decimal places.
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