View Policies Current Attempt in Progress Cheyenne Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1,29,000; Year 2,34,000; and Year 3. $44.000. Cheyenne requires a minimum rate of return of 9%. What is the maximum price Cheyenne should pay for this equipment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, eg. 5,275.50.) To determine the present value of the future cash flows, discount the future cash flows at 9%, using Table 3. Click here to view the factor table. Year 1 $ Year 2 Year 3 Present value of future cash flows $