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 eg.-45 or parentheses eg. (45). Round present value answer to decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Calculate the net present value. Net present value $ -538896 Determine whether Hillsong should purchase the new machine to replace the existing machine? NO e Textbook and Media Attempts: 2 of 3 used Submit Answer Sovetor Late to search i 30F * ded estion 6 of 14 214 Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing nachine 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 $241,533. 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 $389,600 2 399,600 3 410.800 4 426.000 5 433,300 6 434,600 7. 436,700 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 $379,000. This new equipment would require maintenance costs of $95,500 at the end of the fifth year. The cost of capital is 9%. 30F Search O