Question: This question was answered wrong by the expert. please correct and send it to me Asap Edward Googal owns a garage and is contemplating purchasing

This question was answered wrong by the expert. please correct and send it to me Asap

Edward Googal owns a garage and is contemplating purchasing a tire retreading machine for $19,000. After estimating costs and revenues, Edward projects a net cash inflow from the retreading machine of $4,180 annually for 8 years. Fdward hopes to eam a return of 10% on such investments. What is the present value of the retreading operation? Should Edward Googal purchase the retreading machine? (For colculation purposes, use 5 decimal places as displayed in the foctor table provided) (Round answer to 2 decimal places, e.9. 15.25. Click hare to view the factor table. (a) The present value of the retreading operation is (b) Edward Googal purchase the retreading machine

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