Mark Harris owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Mark projects a net cash inflow from the retreading machine of $3,800 annually for 7 years. Mark hopes to earn a return of 10% 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, e.g. 5.27541. Round answer to 2 decimal places, e.g. 25.25.) Present value Should Mark purchase the retreading machine? Mark purchase the tire retreading machine. SUPPOR

Mark. Harris owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Mark projectsia net casti inflow from the retreading machine of $3,800 annually for 7 years. Mark hopes to cam areturn of 10% on such imestments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal ploces as displayed in the foctor tabile provided, es. 5.27541. Round answer to 2 decimal ploces, es. 25.25. Presentvalue: \$ Should Mark purchase the retreading machine? Mark purchase the tire retreading machine. Mark Harris owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Mark projects a net cash inflow from the retreading machinc of $3,900 annullly for 7 years, Mark hopes to carn a return of 10% on such investments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided, es 5.27541. Round answer to 2 decimal ploces, es. 25.25.) Present value Should Mark purchase the retreadingmachine? Mark purchase the the retreading machine. Mark. Harris owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Mark projectsia net casti inflow from the retreading machine of $3,800 annually for 7 years. Mark hopes to cam areturn of 10% on such imestments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal ploces as displayed in the foctor tabile provided, es. 5.27541. Round answer to 2 decimal ploces, es. 25.25. Presentvalue: \$ Should Mark purchase the retreading machine? Mark purchase the tire retreading machine. Mark Harris owns a garage and is contemplating purchasing a tire retreading machine for $17,820. After estimating costs and revenues, Mark projects a net cash inflow from the retreading machinc of $3,900 annullly for 7 years, Mark hopes to carn a return of 10% on such investments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided, es 5.27541. Round answer to 2 decimal ploces, es. 25.25.) Present value Should Mark purchase the retreadingmachine? Mark purchase the the retreading machine