Flounder Company owns a garage and is contemplating purchasing a tire retreading machine. Flounder projects a net cash flow from the retreading machine of $11,200 annually for 7 years. It estimates a salvage value of $8,600 at the end of the asset's useful life. Flounder hopes to earn a return of 10% on such investments. What is net present value? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table. Net present value Should Flounder purchase the retreading machine if it costs $56,000