Brief Exercise G-19 Coleman Company is considering purchasing equipment. The equipment will produce the following cash flows: Year 1, $35,000; Year 2, $36,600; and Year 3, $48,400. Coleman requires a minimum rate of return of 8% (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 pay