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Cullumber Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,582,338, have
Cullumber Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,582,338, have a life of five years, and would produce the cash flows shown in the following table. What is the NPV if the discount rate is 12 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.) NPV is $
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