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Ivanhoe Googal owns a garage and is contemplating purchasing a tire retreading machine for $13.820. After estimating costs and revenues, Ivanhoe projects a net cash

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Ivanhoe Googal owns a garage and is contemplating purchasing a tire retreading machine for $13.820. After estimating costs and revenues, Ivanhoe projects a net cash inflow from the retreading machine of $2,800 annually for 9 years. Ivanhoe hopes to earn a return of 12% on such investments Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What is the present value of the retreading operation? (Round answer to 2 decimal places, es, 25 25.) Present Value S Should Ivanhoe Googalpurchase the retreading machine

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