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

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Accounting

Langdon Company is considering purchasing a capital investment that is expected to provide annual cash inflows of $15,000 per year for 3 years. Assuming that Langdon's 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 your intermediate calculations. Round your final answer to the nearest dollar.)

Multiple Choice

  • $37,303

  • $38,656

  • $36,027

  • $23,665

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