Crane Googal owns a garage and is contemplating purchasing a tire retreading machine for $13,820. After estimating

costs and revenues, Crane projects a net cash inflow from the retreading machine of $2,600 annually for 7 years. Crane

hopes to earn a return of 6% 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 Crane Googal purchase the retreading machine?

Crane Googal

purchase the retreading machine.

Crane Googal owns a garage and is contemplating purchasing a tire retreading machine for $13.820. After estimating. costs and revenues, Crane projects a net cash inflow from the retreading machine of $2,600 annually for 7 years. Crane hopes to earn a return of 6% 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 decimol places, e.8. 25.25.) Present value $ Should Crane Googal purchase the retreading machine? Crane Googal purchase the retreading machine