Carla Vista Company is considering purchasing new equipment for $531.200. It is expected that the equipment will produce net annual cash flows of $64.000 aver its 10-year useful life. Annual depreciation will be $53,120. Compute the cash payback period (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years eTextbook and Media Save for later Using multiple attempts will impact your score. 50% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer Your answer is partially correct. George Robinson owns a garage and is contemplating purchasing a tire retreading machine for $17.500. After estimating costs and revenues, George projects a net cash inflow from the retreading machine of $3,850 annually for 7 years George hopes to earn a return of 7% on such investments. What is the present value of the retreading operation? Should George Robinson 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 44511 (b) George Robinson should purchase the retreading machine