Current Attempt in Progress Marigold Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, 26,000; Year 2,31,000; and Year 3, $41,000. Marigold requires a minimum rate of return of 11%. What is the maximum price Marigold 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, eg. 5,275.50.) To determine the present value of the future cash flows, discount the future cash flows at 11%, using Table 3. Click here to view the factor table. Year 1 $ Year 2 Year 3 Present value of future cash flows Periods 4% 5% 6% 7% 8% 10% 11% 12% 15% 0 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1 15000 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 3 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 4 1.16986 1.21551 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.74901 5 1.21665 1.27628 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 6 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 7 1.31593 1.40710 1.50363 1.60578 in 1.71382 1.82804 1.94872 2.07616 2.21068 266002 8 1.36857 1.47746 1.59385 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 3.05902 9 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795 2.55803 2.77308 3.51788 10 1.48024 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 1.53945 1.71034 1.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 12 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 13 1.66507 1.88565 2.13293 2.40985. 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 14 1.73168 1.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.88711 7.07571 15 1.80094 2.07893 2.39656 2.75903 3.17217 3.6-1248 4.17725 4.78459 5.47357 S. 15706 16 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 17 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 10.76126 18 2.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 12.37545 19 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 14.23177 20 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 16.3665 Payments 5% 6% 7% 8% 99 10% 11% 12% 15% 1 1.00000 1.00000 1.00000 1.0000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.04000 2.05000 2.06000 2.0700 2.08000 2.09000 2.10000 2.11000 212000 2.15000 3. 3.12160 3.15250 3.18360 3.2149 3.24640 3.27810 3.3 1000 3.34210 3.374.40 3.47250 4.24646 4.31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4,77933 4.99338 S 5.41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.11519 8.7374 7.89829 8.14201 8.39384 8.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 8 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 9 10.58280 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 10 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30377 11 3.48635 14.20679 14.97164 15.7836 16.64549 17.56029 18.53117 19.56143 20.65458 24.34928 12 15.02581 15.91713 16.86994 17 8885 18.97713 20.14072 21.38428 22.71319 24.13313 29.00167 13 16.62684 17.71298 18.88214 20.1406 21.49530 22.95339 24.52271 26.21164 28.02911 31.35192 14 18.29191 19.59863 21.01507 22.5505 24.21492 26.019 19 27-97498 30.09492 32.39260 40.50471 15 20.02359 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 47.58041 16 21.82453 23.65749 25.67253 27.8881 B0.32428 33.00340 35.94973 39.18995 42.75328 55.71747 23.69751 25.84037 28.21288 30.8402 33.75023 36.97351 40.5-1470 44,50084 48.88367 66.07509 25.64541 28.13238 30.90565 33.9990 37.45024 41.30134 45.59917 50.39593 55.749072 75.83656 19 27.67123 30.53900 33.75909 37.3790 41.44626 46.0186 51.15909 56.93949 6348968 SS11181 29.77808 33.06595 36.78559 40.9955 45.76196 51.16012 57.27500 04.2008 12.05 102.44358 TABLE 3 Present Value of 1 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1 196154 195238 94340 93458 92593 191743 .90909 190090 .89286 .86957 2 .92456 .90703 .89000 .87344 85734 84168 82645 81162 .79719 175614 3 88900 .86384 83962 81630 .79383 177218 75132 73119 .71178 65752 85480 182270 79209 -76290 .73503 170843 68301 65873 63552 -57175 5 82193 .78353 *74726 71299 68058 .64993 .62092 -59345 156743 49718 6 .79031 .74622 70496 66634 63017 59627 .56447 53464 50663 43233 7 .75992 71068 166506 62275 58349 54703 51316 -48166 -45235 -37594 8 73069 67684 262741 58201 54027 50187 46651 43393 40388 32690 9 70259 .64461 59190 54393 150025 46043 42410 39092 36061 28426 10 67556 61391 55839 -50835 146319 142241 38554 35218 .32197 2-719 11 64958 58468 52679 147509 42888 .38753 35049 31728 28748 121494 12 .62460 55684 49697 44101 139711 135554 31863 28584 25668 18691 13 60057 53032 146884 41196 -36770 32618 28960 .25751 .22917 16253 14 57718 50507 4230 138782 34016 29925 26333 23199 120462 14133 15 .55526 -48102 :-1727 136 245 31524 2745 .23939 20900 .18270 112289 16 53391 .45811 365 33873 29189 25187 12 1763 8829 16912 17 .51337 .43630 .37136 131657 27027 23107 .19785 16963 14564 L09293 18 .49363 41552 .35034 .29586 25025 21199 17986 .15282 13004 108081 47464 39573 33051 .27615 .23171 .19449 -16351 13768 .11611 07027 20 45639 37689 31180 25842 .21455 -17813 1456-1 12:03 .10367 06110 Payments 4% 5% 6% 7% 8% 9% 1056 11% 12% 15% 1 96154 95238 94340 193458 .92593 .91743 -90909 190090 89286 186957 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 3 2.77509 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 4 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 5 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 7 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 8 6.73274 6.463 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48722 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4177158 10 8.11090 7.72173 7.36009 7.02358 6.71008 6.11766 6.14157 5.88923 5.65022 5.01877 11 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 12 9.38507 8.86325 8.38384 7.94269 17.53608 7.16073 6.81369 6.49 236 6.19437 5.42062 13 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42255 5.58315 10.56312 9.89864 9129498 8.24517 8.2.4424 7.78615 7.36669 6.98187 6.52817 5.724-18 15 11.11839 10.37966 9.71225 9.10791 S.55948 8.06069 7.60608 7.19087 6.81086 5.84737 16 11.65230 10.83777 10.10590 94-1665 9.85137 S.B1256 7.82371 371916 6.97599 5.9642 12.16567 11.27407 10.47726 9176322 9112164 8.54365 8.02155 754979 I 1963 6104716 12.65930 11.68959 10.82760 10.05909 91B7189 8.75563 9.20141 7.70162 7.24967 16.1271907 19 13.13394 12.08532 11.15812 10.33560 9.60360 S.95012 N.5649 7.3929 7.3078 COM 13.59033 12.46221 11.46992 10.59401 9.81815 2112855 S.S1:56 7.96333 240 C25998