You have just been offered a contract worth $1.06 milion per year for 6 years. However, to take the contract, you will need to purchase some new equipment. Your diesount rale for this pecie 11:8\%. You are still negotiating the purchase price of the equipment. What is the most you can poy for the equipment and still have a ponitive NPV? The most you can pay for the equipment and achieve the 11.8% annual retum is 1 milion. (Round to two decimal places.) You have just been offered a contract worth $1.06 milion per year for 6 years. However, to take the contract, you will need to purchase some new equipment. Your diesount rale for this pecie 11:8\%. You are still negotiating the purchase price of the equipment. What is the most you can poy for the equipment and still have a ponitive NPV? The most you can pay for the equipment and achieve the 11.8% annual retum is 1 milion. (Round to two decimal places.)