Find net present value using the provided tables

ent CALCULATOR ,ULLSCRttN VERSION BACK PRINTER Exercise 12-3 Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 illion. Its existing machine was purchased five years ago at a price of $1.8 million; six months ag0, Hillsong spent $55,000 to keep it operational. The existing sewing machine can be sold today for $ 241,702 The new sewing machine woul require a one-time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7: Year 1 $390,100 2 400,600 3 410,600 4 425,000 5 432,900 6 434,500 7 436,400 The new se ing machine would be depreciated according to the declinino-balance method at a rate of 20% The salvage value is expected to be S 379,900 . This would require maintenance costs of-$ 94,600 at the end of the fifth year. The cost of capital is 9%. new eque ent Use the net present value method to determine the following: (If net present value is negative then enter with negative sign preceding the number e.g. 45 or parentheses e.g. (45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided., Calculate the net present value Net present value s 11:16AM ^4/27/2018