Question 2 of 6 < Current Attempt in Progress -/10 Qu Ivanhoe Inc. manufactures snowsuits. Ivanhoe is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased 5 years ago at a price of $1.8 million; six months ago, Ivanhoe spent $55,000 to keep it operational. The existing sewing machine can be sold today for $241,535. 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: Qu Acco Vie Year 1 $389,600 2 399.600 3 410,800 4 426,000 5 433,300 6 434,600 7 436,700 2 Acco Que Accou Que Accou Ques Accou Ques Accoun The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value is 19C