Langdon Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $16,800 per year for 3 years. Assuming that Langdon's required rate of return is 8%, what is the present value of these cash inflows?(PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round your final answer to the nearest dollar.)

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To find the present value of the annual cash inflows, we use the Present Value of an Annuity (PVA) formula, which is PVA = C * [(1 - (1 + r)^-n) / r], where C is the annual cash inflow, r is the annual interest rate, and n is the number of years. Given that C = $16,800, r = 8% or 0.08, and n = 3, we can use the PVA factor for 8% over 3 years from the table (which typically is around 2.577). Thus, PVA = $16,800 * 2.577 = $43,293.6, which rounds to $43,295.

Langdon Company Is Considering Purchasing a Capital Investment That Is