You are considering purchasing manufacturing equipment at a cost of $645,000 . The equipment is expected to be used for 11 years at which point the salvage value will be 9.10% of the original equipment cost. The inflation rate for the next 11 years is expected to be 2.20% The real MARR that you want to achieve is 11.70% . The annual operating costs of the equipment is estimated to be $46,000 /year. Based on this information, what is the Present Worth of the manufacturing equipment after accounting for inflation?