Waterway Industries is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1,$30,500; Year 2, $35,000; and Year 3, \$44,500. Waterway requires a minimum rate of return of 10%. What is the maximum price Waterway should pay for this equipment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.27541. Round answer to 2 decimal places, e.g. 25.25.) Maximum price $