Blossom Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, \$36,000; Year 2 , \$40,000; and Year 3, \$50,500. Blossom requires a minimum rate of return of 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the maximum price Blossom should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) Maximum price $ TABLE 3 Present Value of 1