Cullumber Company is considering purchasing equipment

Accounting Dec 02, 2021

Cullumber Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1.537.000; Year 2.543,000 and Year 3.853,000. Culumber requires a minimum rate of return of 8% Click here to view the factor table- For calculation purposes, use 5 decimal places as displayed in the factor table provided) What is the maximum price Cullumber should pay for this equipment? Round answer to 2 decimal places es 2525) Maximum price $