Problem:
Kingston, Inc. management is considering purchasing a new machine at a cost of $4,431,539. They expect this equipment to produce cash flows of $868,800, $829,089, $867,612, $1,001,754, $1,214,173, and $1,176,368 over the next six years.
Required:
Question: If the appropriate discount rate is 15 percent what is the NPV of this investment?
Note: Please show guided help with steps and answer.