You have just been offered a contract worth $1.07 million per year for 7 years. However, to take the contract, you will

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You have just been offered a contract worth $1.07 million per year for 7 years. However, to take the contract, you will

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You Have Just Been Offered A Contract Worth 1 07 Million Per Year For 7 Years However To Take The Contract You Will 1
You Have Just Been Offered A Contract Worth 1 07 Million Per Year For 7 Years However To Take The Contract You Will 1 (29.15 KiB) Viewed 97 times
You have just been offered a contract worth $1.07 million per year for 7 years. However, to take the contract, you will need to purchase some new equipment Your discount rate for this project is 11.8% 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 11.8% annual return is $ (11 million (Round to two decimal places.)
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