Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $2.92 million and will last for six years. Variable costs are 32% of sales, and fixed costs are $2013 904 per year. Machine B costs $4.86 million and will last for nine years. Variable costs for this machine are 21% of sales and fixed costs are $1 : 367 441 per year. The sales for each machine will be $5.0 million per year. The required return is 9%, 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 $395 : 910, an increase in accounts receivable of $748 527, and an increase in accounts payable of $394 : 693. Assume a salvage value of $782 652 for both machines. Calculate the NPV for machine A. (Round answer to 2 decimal places. Do not round intermediate calculations) Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $2.92 million and will last for six years. Variable costs are 32% of sales, and fixed costs are $2013 904 per year. Machine B costs $4.86 million and will last for nine years. Variable costs for this machine are 21% of sales and fixed costs are $1 : 367 441 per year. The sales for each machine will be $5.0 million per year. The required return is 9%, 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 $395 : 910, an increase in accounts receivable of $748 527, and an increase in accounts payable of $394 : 693. Assume a salvage value of $782 652 for both machines. Calculate the NPV for machine A. (Round answer to 2 decimal places. Do not round intermediate calculations)