Thomas Googal owns a garage and is contemplating purchasing a tire retreading machine for $ 14,500. After estimating costs and revenues, Thomas projects a net cash inflow from the retreading machine of $ 3,190 annually for 13 years. Thomas hopes to earn a return of 15% on such investments. What is the present value of the retreading operation? Should Thomas 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.. 15.25.) Click here to view the factor table, (a) The present value of the retreading operation is (b) Thomas Googal purchase the retreading machine