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 $ 241,835. 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		$ 389,500
	2		399,400
	3		411,000
	4		425,400
	5		433,700
	6		435,300
	7		437,300

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 $ 379,500. This new equipment would require maintenance costs of $ 94,500 at the end of the fifth year. The cost of capital is 9%.

HOW DO I SOLVE FOR NPV?