Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,930,262. Have a life of five years, and would produce the cash flows shown in the following table.
|
Year
|
Cash Flow
|
|
1
|
$534,021
|
|
2
|
-263,334
|
|
3
|
902,775
|
|
4
|
971,600
|
|
5
|
543,817
|
What is the NPV if the discount rate is 15.00 percent?