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Cullumber Googal owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Cullumber projects a net cash
Cullumber Googal owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Cullumber projects a net cash inflow from the retreading machine of $3,800 annully for 7 years. Cullumber hopes to carn a returnof 10% onsuch 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.s. 25.25.) Present value Should Cullumber Googat purchase the retreading machine? Barney Googat purchase the retreading machine
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