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#31 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.61 million

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#31 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.61 million and create incremental cash flows of $899,422.00 each year for the next five years. The cost of capital is 11.41%. What is the net present value of the J-Mix 2000? Submit Answer format: Currency: Round to: 2 decimal places

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