Crane Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Crane projects a net cash

inflow from the retreading machine of $$12,500\mathrm{.}00$ annually for $5$ years. It feels it could sell the machine for $$10,000\mathrm{.}00$ when done

using it$.$ Crane hopes to earn a return of $9\%$ on such investments. What is the net present value if machine costs $$50,000\mathrm{.}00?($For

calculation purposes, use $5$ decimal places as displayed in the factor table provided. Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Click here to view the factor table.

Net present value $

Should Crane purchase the retreading machine if it costs $$50,000\mathrm{.}00?$

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