ley Help I Contact Us 1 Log Out JS Weygandt, Managerial Accounting, se MANAGEMENT ACCOUNTING (ACCT 2120) Assignment Gradebook ORION Downloadable eTextbook ignment Brief Exercise A-22 Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,820. After estimating costs and revenues, Barney projects a net cash inflow from the retreading machine of $3,300 annually for 6 years. Barney 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, e.g. 25.25.) Present value Should Barney Googal purchase the retreading machine? Barney Googal Click if you would like to Show Work for this question: purchase the retreading machine. Open Show Work TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 2 of 3 used SAVE FOR LATER You have surpassed the number of attempts acyPolCY I 2000-2015Johnyney & Sons.he An Rights Reserved. A Division of 2ahnwleyssons.inc. Version 4.24.10.9 MANAGEMENT ACCOUNTING (ACCT 2120) S Weygandt, Managerial Accounting, 8e Gradebook ORION Downloadable eTextbook FULL SCRE Brief Exercise A-18 If Colleen Mooney invests $6,246.00 now and she will receive $10,000 at the end of 12 years, what annual rate of interest will Coleen earn on her investment? (Mint: Use Present value of i factor table. ) (Round answer to 0 decimal places, eg. 25%.) (For calcufation purposes, use S decimal places as displayed in the factor table provided.) Annual rate of interest Click if you would like to Show Work for this question: Qpen Show Work By accessing this Question Assistance, you will learn whille you earn points based on the Point Potential Policy set by your instructor Question Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER Earn Maximum Points available only if you answer this question correctly in two ttempts or less. Version 4.24.10.9