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Brief Exercise G-17 NCK Heller owns a garage and is contemplating purchasing a tire retreading machine or31 000 After estimating costs and revenues, Nick pro
"Brief Exercise G-17 NCK Heller owns a garage and is contemplating purchasing a tire retreading machine or31 000 After estimating costs and revenues, Nick pro ects a net cash flow from the retreading machine of4,000 annually for 12 years Nick hopes to earn a return of 8% on such investments. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, e.g. 25.25.) Present value Should Nick purchase the retreading machine? Question Attempts: 0 of5
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