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Please solve using the needed charts Oriole Googal owns a garage and is contemplating purchasing a tire retreading machine for $25,820. After estimating costs and
Please solve using the needed charts
Oriole Googal owns a garage and is contemplating purchasing a tire retreading machine for $25,820. After estimating costs and revenues, Oriole projects a net cash inflow from the retreading machine of $4,000 annually for 10 years. Oriole 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 $ Should Oriole Googal purchase the retreading machine? Oriole Googal purchase the retreading machine. TABLE 1 Future Value of 1 TABLE 2 Future Value of an Annuitv of 1 TABLE 3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1Step by Step Solution
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