You have been offered a contract worth 1 million per year for five years. however,...
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You have been offered a contract worth 1 million per year for five years. however, to take the contract, you will need to purchase some new equipment. your discount rate for this project is 10%. 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 Net Present Value?
$3,104,607
$3,790,787
$4,545,455
$5,000,000
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