You have just been offered a contract worth $$1\mathrm{.}22$ million per year for $6$ years. However, to take the contract, you

will need to purchase some new equipment. Your discount rate for this project is $11\mathrm{.}9\%.$ 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 $11\mathrm{.}9\%$ annual return is $$4408743\mathrm{.}62$ million. $($Round to

two decimal places.$)$you have just been offered a contract worth $$$$1\mathrm{.}22$ million per year for $6$ years.$$ However, to take the$$ contract, you will need to purchase some new equipment. Your discount rate for this project is $11\mathrm{.}9\%.$ 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$?$