Paul Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $10,100 per year for 3 years. Assuming that the required rate of return is 9%, what is the present value of these cash inflows? Use Appendix Table 2. (Do not round PV factors and intermediate calculations. Round your final answer to the nearest dollar.)
A. $27,798
B. $25,566
C. $23,397
D. $25,503
Answer: B
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