CALCULATOR FALSCREEN PRINTER VERSION BACK Brief Exercise 6-22 Kenneth Googalows a garage and is contemplating purchasing a tire retreading machine for $18,000. After estimating costs and revenues, Kenneth projects a net cash flow from the retreading machine of $3,960 annually for years. Kenneth hopes to eam a return of 9% on such investments. What is the present value of the retreading operation? Should Kenneth 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) Kenneth Googal purchase the retreading machine Click If you would like to show Work for this questions Open Show Work