Wildhorse Inc., manufactures snowsuits. Wildhorse is considering purchasing a new sewing machine at a cost of $245 million. Its existing machine was purchased 5 years ago at a price of $1.8 million; 6 months ago, Wildhorse spent $55,000 to keep it operational. The existing sewing machine can be sold today for $ 240,164. 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 $390,800 2 399,000 3 410.800 4 425,700 5 432,700 6 434,700 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 $ 379,900. This new equipment would require maintenance costs of $ 95,300 at the end of the fifth year. The cost of capital is 9% Click here to view Pv table Calculate the net present value. (If net present value is negative then enter with negative sign preceding the number es.-45 or parentheses es.(45). Round present value answer to decimal places, eg . 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value