Crane Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. What tis the NPV of this project? Should management go ahead with the project? ?

Problem 10.03 Crane Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. Should management go ahead with the project? Year Cash Flow -$3,583,200 859,110 969,900 1,192,600 1,212,460 1,478,800 What is the NPV of this project? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to o decimal places, e.g. 1,525.) The NPV is Should management go ahead with the project? The firm should the project. Click if you would like to Show Work for this question: Open Show Work