Carla Vista Inc. manufactures snowsuits. Carla Vista is considering purchasing a new sewing

machine at a cost of $$2\mathrm{.}45$ million. Its existing machine was purchased $5$ years ago at a price of

$$1\mathrm{.}8$ million; six months ago, Carla Vista spent $$55,000$ to keep it operational. The existing sewing

machine can be sold today for $$241,380.$ 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 $1$ $$390,000$

$2400,500$

$3410,200$

$4425,800$

$5433,600$

$6434,500$

$7436,900$

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 $$380,000.$ This new equipment would require

maintenance costs of $$96,200$ at the end of the fifth year. The cost of capital is $9\%.$

Click here to view the factor table.

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.