Ivanhoe Inc, manufactures showsuits. Ivanhoe is considering purchasing a new sewing machine at a cost of $2.45 milion: Its existing machine was purchased 5 years ago at a price of $1.8 milion; sox months ago, lvanhoe spent $55,000 to keep it operational The existing sewing machine can be sold today for $243,960. 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 ? : The new sewing machine would be depreciated according to the declining balance method at a rate of 20%. The salvage value is Eepected to be $379,400. This new equipment would require chaintecance costs of $98,600 at the end of the fifthyear. The costof capital is 9% Click here to virw PV table Use the nit present value method to determine the following: of net present value bs nesotive then enter with negutive sign preceding the number ea, -45 or pormehereses (45). Round present value anawer to 0 decimal places, es. 125 . For calculation purpones, ine 5 decimal ploces os dispoyed in the foctor toble provided] Calculate the net present value