The present value of the retreading operation is ____?

Show Attempt History Current Attempt in Progress Your answer is partially correct. David Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,500. After estimating costs and revenues, David projects a net cash inflow from the retreading machine of $2,750 annually for 5 years. David hopes to earn a return of 7% on such investments. What is the present value of the retreading operation? Should David Googal purchase the retreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, e.g. 15.25.) Click here to view the factor table. (a) The present value of the retreading operation is (b) David Googal purchase the retreading machine