BrambleCompany wants to purchase an asset with a3-year useful life, which is expected to produce cash inflows of $10300each year for two years, and $16100in year 3.Bramblehas a16% cost of capital, and uses the following factors. What is the present value of these future cash flows?

Present Value of 1

Period 16%

1 0.86

2 0.74

3 0.64

a. $31562

b. $27200

c. $26784

d. $17926