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Langdon Company Is Considering Purchasing a Capital Investment That Is

Question 53

Multiple Choice

Langdon Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $10,000 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 $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.Do not round your intermediate calculations.Round your final answer to the nearest dollar.)


A) $24,018
B) $24,869
C) $33,121
D) $25,771

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