Riverbed Inc. manufactures snowsuits. Riverbed is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago at a price of $1.8 million; six months ago, Riverbed spent $55,000 to keep it operational. The existing sewing machine can be sold today for $242,828. The new sewing machine would require a one-time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7: Year 1 $389,400 2 399,000 410,800 425,200 433,400 6 434,500 7 437,600 The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value is expected to be $379,600. This new equipment would require maintenance costs of $95,600 at the end of the fifth year. The cost of capital is 9%. Click here to view PV table. Use the net present value method to determine the following: Calculate the net present value. (If net present value is negative then enter with negative sign preceding the number e.g.-45 or parentheses e.g.(45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Should Riverbed purchase the new machine to replace the existing machine