Swifty Company owns a garage and is contemplating purchasing a tire retreading machine. Swifty projects a net cash flow from the retreading machine of $14,400 annually for 7 years. It estimates a salvage value of $10,200 at the end of the assets useful life. Swifty 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 factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table.

Net present value

$enter the net present value in dollars rounded to 2 decimal places

Should Swifty purchase the retreading machine if it costs $72,000? select an option YesNo