View Policies Current Attempt in Progress Sheridan Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $33,500; Year 2, $37,500; and Year 3, $46,000. Sheridan requires a minimum rate of return of 12%. 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 Sheridan should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) Maximum price $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 3 Attempts: 0 of 5 used Submit