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Your answer is incorrect. Swifty Corporation earns 10% on an investment that pays back $87,000 at the end of each of the next 6 years. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the amount Swifty Corporation invested to earn the 10% rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25471. Round answer to 2 decimal places, e.g. 25.25.) Swifty Corporation invested $ 270761 e Textbook and Media Edward Lewis owns a garage and is contemplating purchasing a tire retreading machine for $21,820. After estimating costs and revenues, Edward projects a net cash inflow from the retreading machine of $4,300 annually for 7 years. Edward hopes to earn a return of 7% on such investments. What is the present value of the retreading operation? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.27541. Round answer to 2 decimal places, e.g. 25.25.) Present value $ 1353.95 Should Edward purchase the retreading machine? Edward should purchase the tire retreading machine. e Textbook and Media Click here to view the factor table 1. Table 2 Table 3 Table 4 (a) What is the present value of $36,000 due 9 periods from now, discounted at 7%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Present value $ $19,581.48 (b) What is the present value of $36,000 to be received at the end of each of 6 periods, discounted at 9%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Present value $ $21465.72 e Textbook and Media Solution

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