Mountain View Hospital has purchased new lab equipment for $134,650. The equipment is expected to last for three years and to provide cash inflows as follows:
Year 1. . . . . . . . $45,000
Year 2. . . . . . . . $60,000
Year 3. . . . . . . . ?
Required:
Assuming that the equipment will yield exactly a 16% rate of return, what is the expected cash inflow for Year 3?