Problem 3 (1 point) Your company is considering investing in a new technology that can improve production efficiency. The new technology requires a capital investment of $800,000 now, and it will save $480,000 at the end of each year for material and labor cost. Further, the updated production line will have a salvage value of $80,000 at the end of its service life of 21 years. The cost for maintenance and operation is $384,000 each year. What is the net present worth of investing in this new technology with a 4% interest rate? Round the answer to the nearest integer.Problem 3 (1 point) Your company is considering investing in a new technology that can improve production efficiency. The new technology requires a capital investment of $800,000 now, and it will save $480,000 at the end of each year for material and labor cost. Further, the updated production line will have a salvage value of $80,000 at the end of its service life of 21 years. The cost for maintenance and operation is $384,000 each year. What is the net present worth of investing in this new technology with a 4% interest rate? Round the answer to the nearest integer