Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $2.94 million and will last for six years. Variable costs are 32% of sales, and fixed costs are $2 : 072 : 360 per year. Machine B costs $4.88 million and will last for nine years. Variable costs for this machine are 22% of sales and fixed costs are $1.402 253 per year. The sales for each machine will be $5.7 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 $391 915, an increase in accounts receivable of $748 282, and an increase in accounts payable of $411 223. Assume a salvage value of $752 271 for both machines. Calculate the NPV for machine B. (Round answer to 2 decimal places. Do not round intermediate calculations) Saved