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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.)
Cumulative Loss
The total amount lost over a period, taking into account all losses incurred during that time.
Rate of Return
The financial return or shortfall from an investment across a defined span, shown as a percentage of the investment's original price.
Rate of Return
The upward or downward movement in an investment's value, measured across a specific interval, and expressed relative to the investment's initial value.
Cumulative Gain
The total amount of gain or profit accumulated over a specific period of time.
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