You have just been offered a contract worth $1.09 million per year for 5 years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this 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? The most you can pay for the equipment and achieve the 11.7% annual return is $ KEB million. (Round to two decimal places)

You have just been oflered a contract worth $1.09 milion per year for 5 years. Howevec, to take the contract, you will need to purchate some new equipmert. Your discount rate for this projoct is 11.76 You are stit negitating the purchme price of the equipment. What is the most you can pary for the equipment and stil huve a poutive NPy? The moat you can pay for the equiprent and achieve the 117T annual retum is 1 milion. (Pound to two decimal places)