Lane Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $10,600 per year for 3 years. Assuming that the required rate of return is 9%, what is the present value of these cash inflows? (Do not round PV factors and intermediate calculations. Round your finalanswer to the nearest dollar.)Multiple Choice$26,765$29,174$24,555$26,832

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Asked Dec 3, 2019
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Lane Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $10,600 per year for 3 years. Assuming that the required rate of return is 9%, what is the present value of these cash inflows? (Do not round PV factors and intermediate calculations. Round your final
answer to the nearest dollar.)
Multiple Choice
$26,765
$29,174
$24,555
$26,832
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Lane Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $10,600 per year for 3 years. Assuming that the required rate of return is 9%, what is the present value of these cash inflows? (Do not round PV factors and intermediate calculations. Round your final answer to the nearest dollar.) Multiple Choice $26,765 $29,174 $24,555 $26,832

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