Kevin Hall owns a garage and is contemplating purchasing a tire retreading machine for $21,820. After estimating costs and revenues, Kevin projects a net cash inflow from the retreading machine of $4,600 annually for 7 years. Kevin hopes to earn a return of 9% on such investments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 5.27541. Round answer to 2 decimal places, e.g. 25.25.) Present value $ 922.93 Should Kevin purchase the retreading machine? Kevin purchase the tire retreading machine.