Bridgeport Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, 30,000; Year 2, 35,000; and Year 3, $45,000. Bridgeport requires a minimum rate of return of 10%. What is the maximum price Bridgeport should pay for this equipment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, e.g. 5,275.50.) To determine the present value of the future cash flows, discount the future cash flows at 10%, using Table 3. Click here to view the factor table.

Year 1		$enter a dollar amount
Year 2		enter a dollar amount
Year 3		enter a dollar amount
Present value of future cash flows		$enter a total amount