Problem $5-29$ Calculating Incremental Cash Flows

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

Year Project Million Project Billion

$0$$ $2,100$$ l$0$

$1$ l$0+250$ l$0+850$

$21,0501,650$

$31,6502,500$

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$.,32\mathrm{.}16.)$