Current Attempt in Progress Your answer is partially correct. Paul Googal owns a garage and is contemplating purchasing a tire retreading machine for $16,000. After estimating costs and revenues, Paul projects a net cash inflow from the retreading machine of $3,520 annually for 9 years. Paul hopes to earn a return of 11% on such investments. What is the present value of the retreading operation? Should Paul 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, eg. 15.25.) Click here to view the factor table. (a) The present value of the retreading operation is 3490.41 (b) Paul Googal should purchase the retreading machine. e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer 21455 .17843 .14864 .12403 10367 .06110 TABLE4 Present Value of an Annuity of 1 (n) Payments 4% 5% 6% 1 96154 .95238 94340 2 1.88609 1.85941 1.83339 3 2.77509 2.72325 2.67301 4 3.62990 3.54595 3.46511 5 4.45182 4.329448 4.21236 6 5.24214 5.07569 4.91732 7 6.00205 5.78637 5.58238 8 6.73274 6.46321 6.20979 9 7.43533 7.10782 6.80169 10 8.11090 7.72173 7.36009 11 8.7604 8.30641 7.88687 12 9.38507 8.86325 8.38384 13 9.98565 9.39357 8.85268 14 10.56312 9.89864 9.29498 15 11.11819 10.37966 9.71225 16 11.65230 10.83777 10.10590 17 12.16567 11.27407 10.47726 18 12.65930 11.68959 10.82760 19 13.13394 12.08532 11.15812 20 13.59033 12.46221 11.46992 79 0.93458 1.80802 2.62432 3,38721 4.10020 4.76654 5.38929 5.97130 6,51523 7.02358 7.49867 7.94269 8.35765 8.74547 9.10791 9.44665 9.76322 10.05909 10.33560 10.59401 89 .92593 1.78326 2.57710 3.31213 3.99272 4,62288 5.20637 5.74664 6.24689 6.71008 7.13896 7.53608 7.90378 8.24424 8.55948 8.85137 9.12164 9.37189 9.60360 9.8INIS 996 10% 1196 12% 15% 91743 .90909 90090 .89286 86957 1.75911 1.73554 1.71252 1.69005 1.62571 2.53130 2.48685 2.44371 2.4018 2.28323 3.23972 3.16986 3.10245 3.03735 2.89498 3.88965 3.79079 3.69590 3.60478 3.35216 4.48592 4.35526 4.23054 . 4.11141 3.78448 5.03295 4.86842 4.71220 456376 4.16042 5.53482 5.33493 5.14612 4.96764 4.48732 5.99525 5.75902 5.53705 5.32825 4.77158 6,41766 6.14457 5.88923 5.65022 5.01877 6.80519 6.49505 6 20652 5.93770 5.23371 7.16073 6.81369 6.49236 6.19437 5.42062 7.48620 7.10336 6.74987 6.42155 5.58315 7.78615 7.36669 6.98187 6.62817 5.72448 8.06069 7.60608 7.19087 681086 5.84737 8.31256 7.82371 7.37916 6.97399 5,95424 8.54363 8.02155 7.54879 7.11963 6,04716 8.75563 8.2 0141 7.70162 7.24967 6.12797 8.95012 8.36492 7.81929 7.36578 6.19823 9.12855 8.51356 7.96333 7.46944 6.25933 MacBook Pro
