Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,872,783. have a life of five years, and would produce the cash flows shown in the following table.
|
Year
|
Cash Flow
|
|
1
|
$458,479
|
|
2
|
-183,264
|
|
3
|
882,003
|
|
4
|
1,016,671
|
|
5
|
810,559
|
What is the NPV if the discount rate is 16.47 percent?