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New question, new values Your answer is partially cormect. Try again Nick Hele ownsgarage and is contemplating purchasing a tire retreading machie for $10,000. After
New question, new values Your answer is partially cormect. Try again Nick Hele ownsgarage and is contemplating purchasing a tire retreading machie for $10,000. After estimating costs rd reveves, Nick po ects a net cash fow homme retreading machine of S.OOOanhaly or 10 years N s to "am . return of 11% en such investmets. (Fer calculatien purposes, use 5 decimal places as displayed ie the lacter table provided) What is the preset value of the retreading operation? (Round answer to 2 decimal places, e.g. 25.25.) Present value Should Nik purchase the retreating machine Nick Heller owns a garage and is contemplating purchasing a tire retreading machine for $18,COD. Affter estimating costs and revenues, Nick projects a net cash ow from the retreading machine of $3,000 annually for 30 years. Nick hopes to earn a return of 11% o, such nvestment. (For caleulation purposes, use S decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, eg. 25.2s) Present value Should Nick purchase the retreading machine
New question, new values
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