dward Googal owns a garage and is contemplating purchasing a tire retreading machine for $19,000. After estimating costs and evenues, Edward projects a net cash inflow from the retreading machine of $4,180 annually for 8 years. Edward hopes to earn a eturn of 10% on such investments. What is the present value of the retreading operation? Should Edward Googal purchase the etreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal laces, e.g. 15.25.) lick here to view the factor table. a) The present value of the retreading operation is ) Edward Googal purchase the retreading machine