Question: Bref Exercise A-22 Your answer is partially correct. Try again. Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,820.

Bref Exercise A-22 Your answer is partially correct. Try again. Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,820. After estimating costs and revenues, Barney projects a net cash inflow from the retreading machine of $2,700 annually for 7 years. Barney hopes to eam a return of 11% on such investments. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, e.g. 25.25.) Present value 902.94 tudy Should Barney Googal purchase the retreading machine? Barney Googal should purchase the retreading machine. Click If you would like to Show Work for this question: Open Show Work

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