Fey Company's organization chart includes the president; the vice president of production; three assembly plants-Dallas, Atlanta, and Tucson; and two departments within each plant-Machining and Finishing. Budget and actual manufacturing cost data for July 2020 are as follows. Finishing Department-Dallas: direct materials $42,550 actual, $44,170 budget; direct labor $84,700 actual, $84,040 budget: manufacturing overhead $51,980 actual, $49,810 budget. Machining Department-Dallas: total manufacturing costs $224,670 actual, $216,310 budget. Atlanta Plant: total manufacturing costs $424,370 actual, $424,610 budget. Tucson Plant: total manufacturing costs $493,790 actual, $495,580 budget. The Dallas plant manager's office costs were $97,410 actual and $94,250 budget. The vice president of production's office costs were $135.640 actual and $130.980 budget. Office costs are not allocated to departments and plants. Prepare the reports in a responsibility system for: The vice president of production. FATTETTPT 4 & user. 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 $242,828. 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 new sewing machine would be depreciated according to the declining -balance method at a rate of 20%. The salvage value is expected to be $379,600. This new equipment would require maintenance costs of $95.600 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 nesative then enter with nesative sign preceding the number e.8. 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.) Calculate the net present value. Netpresentvalue $ Determine whether Hillsong should purchase the new machine to replace the existing machine