Crane inc. manvifactures snowsuits. Crane is considering purchasing a new sewing machine at a cost of $2.45 million its exting machine was purchased 5 years ago at a price of $1.8 milliort sax months ago, Crane spent $55.000 to keep it operational, The existing sewing machine can be sold today for $241835. The new sewing machine would require a one-tirre, $85,000 training cost. Operating costs would decrease by the folowing amounts for years 1 to 7 : The new sewing machine would be depreciated according to the declining-balacke method at a rate ot 200 . The salvage value is expected to be $979,500. This new equipment would require anaintenance costs of $94,500 at the end of the fifth year, The cost of capital is 94 . Click here to view the factor tabie Use the net present value method to determine the following if net present volue is negative then enter with nagotive sigh preceding the number eg -45 or parentheses eg. (45). Round present value anwwer to 0 decimal ploces, es, 125 . For calculation purposes, use 5 decimal places os displayed in the foctor foble provided Calculate the net present value. Net present value