Markovich Corporation is considering building a new plant. It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today. Of the interest rates below, which is the highest interest rate at which Markovich still would be willing to build the plant?
1. 3 percent
2. 4.5 percent
3. 3.5 percent
4. 4 percent
Please answer and show work