corporate finance

Project Description:

a local government awards a landscaping company a contractworth $1.2 million per year for five 15 years for maintaining public parks. the landscaping company will need to buy some new
machinery before they can take on the contract.if the cost of capital is 7%,what is the most that this equipment could cost if the contract is to be worthwhile for the landscaping company?

i need step by step solution
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Price Type: Negotiable

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