Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,968,450. have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow 1 $512,496 2 -242,637 3 814,558 4 887,225 5 712,642

What is the NPV if the discount rate is 15.9 percent?(Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)

NPV is

$