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Crane, Inc. management is considering purchasing a new machine at a cost of $4,120,000. They expect this equipment to produce cash flows of $870,190, $882,450,

Crane, Inc. management is considering purchasing a new machine at a cost of $4,120,000. They expect this equipment to produce cash flows of $870,190, $882,450, $941,630, $1,015,600, $1,259,660, and $1,105,900 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment? (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.)

The NPV is

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