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Sunland Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Sunland projects a net cash inflow from the retreading machine

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Sunland Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Sunland projects a net cash inflow from the retreading machine of $12,000.00 annually for 5 years. It feels it could sell the machine for $11,800.00 when done using it. Sunland hopes to earn a return of 8% on such investments. What is the net present value if machine costs $50,000.00?(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g.52.75.)
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Net present value $
Should Sunland purchase the retreading machine if it costs $50,000.00?
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