Hillsong inc manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $245 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 $246,049. 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 $389.200 2 399,800 3 410,200 4 425.900 5 432,400 6 435,200 7 436,800 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 wouldine maintenance of 522.00 hondoftheffith the Question 7 of 15