Help I System An CALCULATOR PRINTER VERSION BACK NEXT home / study / bu 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 $240,352. 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: Yo Let u Year 1 390,600 Question: 2 400,200 3 410,000 4 425,200 5 432,400 6 435,500 7 436,30o Topics: job order co planning, incrementa Choose a topic and e 2 paragraph please 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 $ 380,500 . This new equipment would require maintenance costs of $ 94,900 at the end of the fifth year. The cost of capital is 9%. Our journey taken us thro this discussi feel is very u or your future Use the net present value method to determine the following: (f 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 O decimal places, e.g. 125. For decimal places as displayed in the factor table provided.) calculation purposes, use 5 Your respons Calculate the net present value Net present value g Determine whether Hillsong should purchase the new machine to replace the more than 2 p In the first pa n the second is usefu existing machine? (This discussis draft your