Current Attempt in Progress Edward Googal owns a garage and is contemplating purchasing a tire retreading machine for $19,000. After estimating costs and revenues, Edward projects a net cash inflow from the retreading machine of $4,180 annually for 8 years. Edward hopes to earn a return of 10% on such investments. What is the present value of the retreading operation? Should Edward Googal purchase the retreading machine? (For colculation purposes, use 5 decimal ploces as displayed in the foctor table provided) (Round answer to 2 decimal places, es 15.25.) Click here to view the factoc table