Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,968,450. have a life of five years, and would produce the cash flows shown in the following table.
| Year | Cash Flow |
| 1 |
$512,496 |
| 2 |
-242,637 |
| 3 |
814,558 |
| 4 |
887,225 |
| 5 |
712,642 |
What is the NPV if the discount rate is 15.9 percent?