Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $2.90 million and will last for six years. Variable costs are 30% of sales, and fixed costs are $1,989,464 per year. Machine B costs $5.05 million and will last for nine years. Variable costs for this machine are 22% of sales and fixed costs are $1,261,949 per year. The sales for each machine will be $4.3 million per year. The required return is 10%, 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 $332,974, an increase in accounts receivable of $713,649, and an increase in accounts payable of $442,197. Assume a salvage value of $719,839 for both machines. Calculate the NPV for machine A. (Round answer to 2 decimal places. Do not round intermediate calculations)