Oriole Googal owns a garage and is contemplating purchasing a tire retreading machine for $18,820. After estimating costs and revenues, Oriole projects a net cash inflow from the retreading machine of $2,900 annually for 10 years. Oriole hopes to earn a return of 7% 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 Oriole Googal purchase the retreading machine? Oriole Googal purchase the retreading machine. eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 Attempts: 0 of 3 used Submit