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Item $7$

Problem $5-29$ Calculating Incremental Cash Flows

Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects:

$$

YearProject MillionProject Billion$0$$ $2,400$$ l$01$l$0+280$l$0+1,00021,0801,80031,8002,800$

$$

The expected rate of return for either of the two projects is $12$ percent. What is the range of initial investment $($I$0)$ for which Project Billion is more financially attractive than Project Million?$($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$