Cullumber Railroad Co, is about to issue $306,000 of 10 -year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. How much can Cullumber expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, eg. 2,525.) Present value of bonds Crane Googal owns a garage and is contemplating purchasing a tire retreading machine for $23,820. After estimating costs and revenues, Crane projects a net cash inflow from the retreading machine of $4,800 annually for 7 years. Crane hopes to earn a return of 8% on such investments. Click here to view the factor table What is the present value of the retreading operation? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, eg. 25.25.) Present value Should Crane Googal purchase the retreading machine? Crane Googal purchase the retreading machine. Laura Markle and Prince Kevin plan to invest $15,000 a year in an educational IRA for their daughter, Lilibet. They will make these deposits on December 31 of each year. Laura and Kevin feel they can safely earn 5%. How much will be in this account on December 31 of the 18th year? (For colculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, es. 52.75.) Click here to view Table 2. Amount on December 31$