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Langdon 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 Langdon's required rate of return is 8%, what is the present value of these cash inflows? Use Appendix Table 2. (Do not round your intermediate calculations. Round your final answer to the nearest dollar.)
Facial Expressions
The movements of the face that convey emotional states, reactions, or intentions to others.
Affect
A term referring to the experience of feeling or emotion.
Feeling State
The emotional condition or mood of an individual at a particular moment in time.
Automatic Response
An involuntary or reflex action that occurs in response to a stimulus without conscious thought.
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