Oriole Enterprises earns 9% on an investment that pays back $87,500 at the end of each of the next 10 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Oriole Enterprises invested to earn the 9% rate of return? (Round answer to 2 decimal places, e.g. 25.25.)

Oriole Enterprises invested ______

Carla Vista Googal owns a garage and is contemplating purchasing a tire retreading machine for $28,820. After estimating costs and revenues, Carla Vista projects a net cash inflow from the retreading machine of $4,400 annually for 10 years. Carla Vista hopes to earn a return of 8% 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____