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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 5 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, es 25.25.) Maximum price $

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