Live Nutrition is considering the purchase of a new computer system for diagnosing health problems. The company estimates that the system will result in increased operating cash flows of $5,800 in year 1, $6,500 in year 2, and $11,400 in year 3. The company's required rate of return is 8%. What is the maximum cost the company will be willing to pay for the computer system?

$23,700

$19,992

$43,692

$14,947