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Ayayal Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1,36,000; Year 2,41,000, and Year 3. $51,000. Avayal requires a

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Ayayal Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1,36,000; Year 2,41,000, and Year 3. $51,000. Avayal requires a minimum rate of return of 11%. What is the maximum price Ayayai should pay for this equipment? For alutinn

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