Brief Exercise G-22 Jason Googal owns a garage and is contemplating purchasing a tire retreading machine for $21,000. After estimating costs and revenues, Jason projects a net cash inflow from the retreading machine of $4,620 annually for 9 years. Jason hopes to earn a return of 11% on such investments. What is the present value of the retreading operation? Should Jason Googal purchase the retreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, e.g. 15.25.) Click here to view the factor table. (a) The present value of the retreading operation is (b) Jason Googal purchase the retreading machine