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Langdon Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $16,500 per year for 3 years. Assuming that
Langdon Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $16,500 per year for 3 years. Assuming that Langdon's required rate of return is 10%, what is the present value of these cash inflows? Use Appendix Table 2. (Do not round your intermediate calculations. Round your final answer to the nearest dollar.) Multiple Choice $41,033 $45,000 $37190 $40,909
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