Current Attempt in Progress

George Robinson owns a garage and is contemplating purchasing a tire retreading machine for $$19,820.$ After estimating costs and revenues, George projects a net cash inflow from the retreading machine of $$4,000$ annually for $7$ years. George hopes to earn a return of $88$ on such investments.

What is the present value of the retreading operation? $($For calculation purposes, use $5$ decimal places as displayed in the foctor table provided. eg$.5\mathrm{.}27541.$ Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Present value $

Should George purchase the retreading machine?

Gearge $$ purchase the tire retreading machine

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