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you have just been offered a contract worth 1.05 million per year for six years. however to take the contract you will need to purchase

you have just been offered a contract worth 1.05 million per year for six years. however to take the contract you will need to purchase some new equipment. your discount rate for the project is 11.7% 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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