Current Attempt in Progress

Wichorse Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Wildhorse projects a net

cash inflow from the retreading machine of $$12,$$$00,00$ annually for $5$ years. It feels it could sell the machine for $$12,100,00$ when

done using it$.$ Wildhorse hopes to earn a return of $8\%$ on such investments. What is the net present value if machine costs $$50,000\mathrm{.}00?$

$($Ror calculation purposes, wee $5$ decimal ploces es displeyed in the foctor table provided. Round answer to $2$ decimal places es$.52\mathrm{.}75)$

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Net present value $

Should Wildhorse purchase the retreading machine if it costs $$50,000,00?$

Attempts: $0$ of $1$ used