You hwo just been offered u conatract worth $1.07mall on por year for 7 yeap. However, to take the contract you wal need to purthase some new equipment. Your discount fate for this preject is 12.5\%. You are sta negobating the purchase price of the oquipment What is the most you can pay for the equipment and atil hvve a positive ippr? The moet you can pay for the equgment and achieve the 12.5% annual fetum is { mition. (Round to two decimal places)