Paul Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $12,000 per year for 3 years.Assuming that the required rate of return is 10%,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 PV factors and intermediate calculations.Round your final answer to the nearest dollar.)
A) $9,016
B) $28,822
C) $29,842
D) $27,047
Correct Answer:
Verified
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