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Paul Company is considering purchasing a capital Investment that is expected to provide annual cash inflows of $10,600 per year for 3 years. Assuming that
Paul Company is considering purchasing a capital Investment that is expected to provide annual cash inflows of $10,600 per year for 3 years. Assuming that the required rate of return is 9%, what is the present value of these cash inflows? (PV of $1 and PVA of $1 (Use appropriate factor(s) from the tables provided. Do not round PV factors and intermediate calculations, Round your final answer to the nearest dollar.) Multiple Choice $29,174 $26,765 $26,832 $24,555
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