Davis Inc. has budgeted payments of $$10,100$ a year to buy new equipment. At a $8\%$ discount rate, the company plans to finance

Quest annual payments for $3$ years with payments at the end of each year. What is the cost of equipment that Davis can afford? $($For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places $($e$.$g$.,52\mathrm{.}75).)$

Table $4$: Present Value of an Annuity of $1$

$\backslash$table$[[(n),,,,,],[$Payments$,4\%,5\%,6\%,7\%,8\%$