Cullumber Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, \$31,500; Year 2, $37,500; and Year 3,$46,500. Cullumber requires a minimum rate of return of 9%. 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 Cullumber should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) Maximum price $