Concord Corporation, an amusement park is considering a capital inwestment in a new exhibit. The exhibit would cost $147.150 and have an estimated useful life of 6 years. It can be sold for $68,000 at the end of that time. (Amusement paris need to rotate exhibits to keep people interested. It is expected to increase net annual cash flows by $24,000. The company's borrowing rate is 8%. Its cost of capital is 10%. Click here to view PV table Calculate the net present value of this project to the company and determine whether the project is acceptable. (If the net present value is negative, use either a negative sign preceding the number eg - 45 or parentheses es (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round present value answer to decimal places, -3. 125) Net present value $ The project e Textbook and Media Sheridan Inc. manufactures showsuits, Sheridan 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, Sheridan spent $55.000 to keep it operational. The existing sewing machine can be sold today for $246,049. The new sewing machine would require a one-time, 585,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7 Year 1 2 3 4 $389 200 399.800 410.200 425,900 432.400 435,200 436,800 5 7 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 $379,300. This new equipment would require maintenance costs of $99.000 at the end of the fifth year. The cost of capital is 9% Click here to view PV table. the fallinn Click here to view PV 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 e-s. (45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use S decimal places as displayed in the factor table provided.) Calculate the net present value, Net present value $ Determine whether Sheridan should purchase the new machine to replace the existing machine