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Phoenix Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $15,500 per year for 3 years. Assuming that

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Phoenix Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $15,500 per year for 3 years. Assuming that Phoenix's required rate of return is 10%, what is the present value of these cash inflows? (Do not round your PV factors and intermediate calculations. Round your final answer to the nearest dollar.) $42,273 $38,546 $34,936 $38,430

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