Current Attempt in Progress Wichorse Auto Repair Company owns a garage and is contemplating purchasing...

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Accounting

Current Attempt in Progress
Wichorse Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Wildhorse projects a net
cash inflow from the retreading machine of $12,$00,00 annually for 5 years. It feels it could sell the machine for $12,100,00 when
done using it. Wildhorse hopes to earn a return of 8% on such investments. What is the net present value if machine costs $50,000.00?
(Ror calculation purposes, wee 5 decimal ploces es displeyed in the foctor table provided. Round answer to 2 decimal places es.52.75)
Click here to view the factor table.
Net present value $
Should Wildhorse purchase the retreading machine if it costs $50,000,00?
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