Question: Please show work You have just been offered a contract worth $1.15 million per year for 5 years However, to take the contract, you will

Please show work Please show work You have just been offered a contract worth $1.15

You have just been offered a contract worth $1.15 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 is117%. 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 it $ million (Round to two decimal places.)

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