Present Value of an Annuity of 1
Periods	6%	7%	8%
1	0.943	0.935	0.926
2	1.833	1.808	1.783
3	2.673	2.624	2.577

A company has a minimum required rate of return of 8% and is considering investing in a project that requires an investment of $68500 and is expected to generate cash inflows of $29900 at the end of each year for 3 years. The present value of future cash inflows for this project is

$68500.00.

$77052.30.

$9957.60.

$8552.30.