CALCULATOR FULL SCREEN PAINTER VERSION HACK NEXT Hillsong Inc, manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago at a price of $1.8 million six months ago, Hillsong spent $55,000 to keep it operational. The existing sewing machine can be sold today for $241,293. The new sewing machine would require a one-time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7: Year 1 $390,800 2 400,900 3 410,600 4 425,200 S 433,000 6 434,600 the toes 2 436,500 Ways to 18 The new sewing machine would be depreciated according to the declining balance method at a rate of 20%. The salvage value is expected to be $379,200. This new equipment would require maintenance costs of $97,100 at the end of the fifth year. The cost of capital is 9% Use the net present value method to determine the following: ar net present value is negative then enter with negative sin preceding the number .. 15 or parentheses . (45). Round present value answer to decimal places, s. 125. For calculation purposes se 5 decimal places as displayed in the factor table provided.) Calculate the net presente Net presenta Determine whether on the purchase the new machine to replace the existing machine? 16