View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. George Robinson owns a garage and is contemplating purchasing a tire retreading machine for $17.500. After estimating costs and revenues, George projects a net cash inflow from the retreading machine of $3,850 annually for 7 years. George hopes to earn a return of 7% on such investments. What is the present value of the retreading operation? Should George Robinson 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 4,45171 (b) George Robinson should purchase the retreading machine e Textbook and Media Attempts: 2 of 3 used Repeat with New Values Using multiple attempts will impact your score. 50% score reduction after attempt 2