Mark Harris owns a garage and is contemplating purchasing a tire retreading machine for $16,500. After estimating costs anu revenues, Mark projects a net cash inflow from the retreading machine of $3,630 annually for 11 years, Mark hopes to earn a return of 13% on such investments. What is the present value of the retreading operation? Should Mark Harris purchase the retreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, es 15.25) Click here to view the factor table. (a) The present value of the retreading operation is (b) Mark Harris purchase the retreading machine. e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for later