View Policies Current Attempt in Progress Chris Googal owns a garage and is contemplating purchasing a tire retreading machine for $15,000. After estimating costs and revenues, Chris projects a net cash inflow from the retreading machine of $3,300 annually for 5 years. Chris hopes to earn a return of 7% on such investments. What is the present value of the retreading operation? Should Chris 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) Chris Googal purchase the retreading machine