Blossom Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,476,338, have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow

1 . $384,372

2 . $ -303,300

3. $ 610,920

4. $665,420

5. $534,480

What is the NPV if the discount rate is 12 percent?

(Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)

NPV is (Type your answer here) $ ?