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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 $1,597,338, 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 $1,597,338, have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow
1 $571,372
2 -259,300
3 633,920
4 809,420
5 568,480

What is the NPV if the discount rate is 17 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.)

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