Current Attempt in Progress Hillsong 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 $243,257. 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. The newsewing machine would be depreciated according to the deciling balance method at a rate of 20x. The salvage vatue is expected to be $379,700. This new equipment would regulre maintenance costs of 598,400 at the end of the fifth year. The cost of Capital is 9/6 The new sewing machine would be depreciated according to the declining balance method at a rate of 200 . The salvagevalue is ecpected to be $379,700. This new equipment would require maintenance costs of $98,400 at the end of the fith year. The cost of capital is 9 s. Click here to view the factor table. Use the net present value method to determine the following off net present value is negetive then enter with negutive sign procoding the number es. 45 or parentheses es. (45). Round present value answer to 0 decinal ploces es. 125. For calculation purposes, use 5 dedimal places qs displayed in the foctor toble provided.) Calculate the net present value. Net present value $ Determine whether Hillsong should purchase the new machine to replace the existing machine