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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 $1,930,262. 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 $1,930,262. have a life of five years, and would produce the cash flows shown in the following table.

Year

Cash Flow

1

$534,021

2

-263,334

3

902,775

4

971,600

5

543,817

What is the NPV if the discount rate is 15.00 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)

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