Current Attempt in Progress Joseph Googal owns a garage and is contemplating purchasing a tire retreading machine for $14,000. After estimating costs and revenues, Joseph projects a net cash inflow from the retreading machine of $3,080 annually for 6 years. Joseph hopes to earn a return of 9% on such investments. What is the present value of the retreading operation? Should Joseph Googal purchase the retreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, e.g. 15.25.) Click here to view the factor table. (a) The present value of the retreading operation is (b) Joseph Googal purchase the retreading machine. Crane Company earns 9% on an investment that will return $550,000 10 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Crane should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.) Crane Company should invest $ (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $27,000 due 15 periods from now, discounted at 5% ? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $27,000 to be received at the end of each of 12 periods, discounted at 10% ? (Round answer to 2 decimal places, e.g. 25.25.) Present value $