What is the present value of these cash inflows

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The present value of an annuity of $1 at 8% has a factor for 3 periods of 2.577097; for 5 periods at 8% the factor is 3.992710. For 10% at 5 periods the factor is 3.790787. For 12% at 5 periods the factor is 3.604776.
Laqrey 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 Laqrey's required rate of return is 8%, what is the present value of these cash inflows? Round to the nearest dollar.

Reference no: EM132363310

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