Gaynor Company is considering purchasing equipment.The equipment will produce the following cash flows: Year 1, $25,000; Year 2, $45,000; Year 3, $60,000.Below is some of the time value of money information that Gaynor has compiled that might help them in their planning and compounded interest decisions. Gaynor requires a minimum rate of return of 11%.To the closest dollar, what is the maximum price Gaynor should pay for the equipment?

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Gaynor Company is considering purchasing equipment.The equipment will produce the following cash flows: Year 1, $25,000; Year 2, $45,000; Year 3, $60,000.Below is some of the time value of money information that Gaynor has compiled that might help them in their planning and compounded interest decisions.  Gaynor requires a minimum rate of return of 11%.To the closest dollar, what is the maximum price Gaynor should pay for the equipment?

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The Answer of Gaynor Company is considering purchasing equipment.The equipment will produce the following cash flows: Year 1, $25,000; Year 2, $45,000; Year 3, $60,000.Below is some of the time value of money information that Gaynor has compiled that might help them in their planning and compounded interest decisions.  Gaynor requires a minimum rate of return of 11%.To the closest dollar, what is the maximum price Gaynor should pay for the equipment?

Gaynor Company Is Considering Purchasing Equipment