Concord Company wants to purchase an asset with a 3-year useful life, which is expected to produce cash inflows of $10200 each year for two years, and $15600 in year 3. Concord has a 14% cost of capital, and uses the following factors. What is the present value of these future cash flows?

Present Value of 1
Period	14%
1	0.88
2	0.77
3	0.67

$31680

$27738

$27282

$18306