please answer all the 3 questions.

= Homework: Chapt... Question 8, P 8-23 (simil... HW Score 7.14%, 1 of 14 points Save O Points: 0 of You have just been offered a contract worth $1.18 million per year for 5 years. However, to take the contact you will need to purchase some new equipment. You discount rate for this project is 12.4% 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 test you can pay for the equipment and achieve the 12.4% annus rotum is smilion (Round to two decimal places) e