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Your answer is partially correct. Try again. Barney Googal owns a garage and is contemplating...

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Your answer is partially correct. Try again. Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $20,820. After estimating costs and revenues, Barney projects a net cash inflow from the retreading machine of $3,200 annually for 12 years. Barney hopes to earn a return of 10% on such investments. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, e.g. 25.25.) Present value 983.81 Should Barney Googal purchase the retreading machine? Barney Googal should purchase the retreading machine. Brief Exercise A-16 Gleason Enterprises issued 8%, 8-year, $2,600,000 par value bonds that pay interest semiannually on October 1 and April 1 . The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 10% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Gleason receive from issuance of the bonds? (Round answer to O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds

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