BEG-23 Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $25,000: _Year 2, $30,000; and Year 3, $40,000. Snyder requires a mum rate of return of 11%. What is the maximum price Snyder should pay for this equipment? BRIEF EXERCISE ... BEG - 23 To achieve a minimum rate of return of 11%,_Snyder Company should pay no more than