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Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,226,907. have

Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,226,907. have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow
1 $606,847
2 -276,364
3 906,196
4 863,891
5 576,385

What is the NPV if the discount rate is 13.10 percent?

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