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Oriole Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $32,500; Year 2, $36,500; and Year 3. $47.000. Oriole

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Oriole Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $32,500; Year 2, $36,500; and Year 3. $47.000. Oriole requires a minimum rate of return of 8%. Click here to view the factor table. (For calculation purposes, use S decimal places as displayed in the factor table provided.) What is the maximum price Oriole should pay for this equipment? (Round answer to 2 decimal places, a.s. 25.25.) Maximum price

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