Blue Spruce Company owns a garage and is contemplating purchasing a tire retreading machine. Blue Spruce projects a net cash flow from the retreading machine of $10,400 annually for 7 years. It estimates a salvage value of $8,200 at the end of the asset's useful life Blue Spruce hopes to earn a return of 10% on such investments. What is net present value? (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided, Round answer to 2 decimal ploces, eg. 52.75.) Click here to view the factor table. Net present value Should Blue Spruce purchase the retreading machine if it costs $52,000? book and Media Attempts: 0 of 5 used