Present Value of an Annuity of 1
Periods	10%	11%	12%
1	0.909	0.901	0.893
2	1.736	1.713	1.690
3	2.487	2.444	2.402

A company has a minimum required rate of return of 12% and is considering investing in a project that requires an investment of $67800 and is expected to generate cash inflows of $29000 at the end of each year for 3 years. The present value of future cash inflows for this project is

$67800.

$3076.

$69658.

$1858.