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Paul Company is considering purchasing a capital investment that is expected to provide annual cash...

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Accounting

Paul Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $11,700 per year for 3 years. Assuming that the required rate of return is 7%, what is the present value of these cash inflows? (PV of $1 and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest dollar. Multiple Choice $32,804 $30,704 $30,658 $28,652

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