Sunland Inc. manufactures snowsuits. Sunland is considering purchasing a new sewing machine at a cost of $245 million. Its existing machine was purchased five years ago at a price of $1.8 million six months ago, Sunland spent $55,000 to keep it operational The existing sewing machine can be sold today for $243,175. 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 $390,000 2 399,700 3 410,200 4 425,200 5 433,400 6 434,500 437,400 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 $379,200. This new equipment would require maintenance costs of $95.900 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: (if not present value is negative then enter with negative in preceding the number , -45 or parentheses (45). Round present value answer to O decimal places, s. 125. For calculation purposes, se 5 decimal places as displayed in the factor table provided.) Calculate the net present value Net present values Determine whether Surland should purchase the new machine to replace the existing machine