Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $3.14 million and will last for six years. Variable costs are 35% of sales, and fixed costs are $2,019,655 per year. Machine B costs $5.01 million and will last for nine years. Variable costs for this machine are 23% of sales and fixed costs are $1,413,426 per year. The sales for each machine will be $6.0 million per year. The required return is 12%, and the tax rate is 38%. Both machines will be depreciated to zero on a straight-line basis. Each project will require an increase in inventory of $310,259, an increase in accounts receivable of $665,159, and an increase in accounts payable of $431,011. Assume a salvage value of $799,905 for both machines. Calculate the NPV for machine A. (Round answer to 2 decimal places. Do not round intermediate calculations)