Question
Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,041,338, have a
Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,041,338, have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1 $528,372 2 -297,300 3 822,920 4 1,066,420 5 759,480 What is the NPV if the discount rate is 16 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.)
Please show how to do this on a HP-12C financial calculator
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