Sunland Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, \$34,000; Year 2,$38,000; and Year 3,$47,000. Sunland 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 Sunland should pay for this qquipment? (Round answer to 2 decimal places, e.g. 25.25.) $