Bramble Company owns a garage and is contemplating purchasing a tire retreading machine. Bramble projects a net cash flow from the retreading machine of $10,600 annually for 7 years. It estimates a salvage value of $8,300 at the end of the assets useful life. Bramble hopes to earn a return of 10% on such investments. What is net present value? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table.

Net present value

$enter the net present value in dollars rounded to 2 decimal places

Should Bramble purchase the retreading machine if it costs $53,000? select an option YesNo

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