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You have just been offered a contract worth $1.03 milion per year for 6 years. However, to take the contract, you will need to purchase

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You have just been offered a contract worth $1.03 milion per year for 6 years. However, to take the contract, you will need to purchase some new equipment, Your discount rate for this projoct is 12.1\%. You are still negotiating the purchase price of the equipment. What is the most you can pay for the equipment and stil havo a pos tive NPV? The most you can pay for the equipment and achieve the 12.1% annual retum is : million. (Round to two decimal places.)

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