Sarasota Compary owns a garage and is contemplating purchasing a tire retreading machine. Sarasota projects a net cash flow from the retreading machine of $13,000 annualy for 7 vears. It estimates a salvage value of $9,500 at the end of the asset's useful life. Sarasota hopes to earn a return of 10% on such investments. What is net present value? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, es. 52.75. Click here toview the factor table. Net present value $ Should Sarasota purchase the retreading machine if it costs $65,000 ? Sarasota Compary owns a garage and is contemplating purchasing a tire retreading machine. Sarasota projects a net cash flow from the retreading machine of $13,000 annualy for 7 vears. It estimates a salvage value of $9,500 at the end of the asset's useful life. Sarasota hopes to earn a return of 10% on such investments. What is net present value? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, es. 52.75. Click here toview the factor table. Net present value $ Should Sarasota purchase the retreading machine if it costs $65,000