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Business, 10.08.2021 04:50 valdiviaricky1355

Michael Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,500. After estimating costs and revenues, Michael projects a net cash inflow from the retreading machine of $2,530 annually for 5 years. Michael hopes to earn a return of 11% on such investments. What is the present value of the retreading operation

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Michael Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,500....

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