URCES Exercise 16-3 ZYour answer has been saved and sent for grading. See Gradebook for score details Ayayal Inc. manufactures snowsuits. Ayayai is considering purchasing a new sewing machine at a cost of $2.45 million. Its editing machine was purchased five years ago at a price of $1.8 milion; six months ago, Nyayal spent $55,000 to keep it operational. The existing sewing machine can be sold today for $241,702. The new sewing machine would recres one time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7: Year 1 2 Study 3 4 $390,100 400,600 410,600 425,000 432,900 434,500 436,400 3 6 7 The new sewing machine would be deprecated according to the declining balance method at a rate of 20%. The salvage value is expected to be $370,000. This new equipment would require maintenance costs of 594,600 at the end of the fifth year. The cost of captal is 99 Click here to view table Use the net present value method to determine the following: Calculate the net present value. crnet present wave is negative then enter with