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*Brief Exercise G-19 Coleman Company is considering purchasing equipment. The equipment will produce the following cash flows: Year1 $37,500; Year 2 S39 700; and Year

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*Brief Exercise G-19 Coleman Company is considering purchasing equipment. The equipment will produce the following cash flows: Year1 $37,500; Year 2 S39 700; and Year 3 $49,900 Coleman requires a minimum rate of retum of 11%. 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 Coleman should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) The maximum price Coleman should pey Question Attempts: 0 of s used

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