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Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $20,820. After estimating costs and revenues, Barney projects a net cash

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Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $20,820. After estimating costs and revenues, Barney projects a net cash inflow from the retreading machine of $4,500 annually for 7 years. Barney hopes to earn a return of 10 % on such investments. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the foctor table provided) What is the present value of the retreading operation? (Round answer to 2 decimal places, eg 25.25) Present value $ Should Barney Googal purchase the retreading machine? Barney Googal urchase the retreading machine. should not should

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