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Cullumber, Inc. management is considering purchasing a new machine at a cost of $4,140,000. They expect this equipment to produce cash flows of $825,290, $927,950,
Cullumber, Inc. management is considering purchasing a new machine at a cost of $4,140,000. They expect this equipment to produce cash flows of $825,290, $927,950, $872,430, $963,500, $1,327,060, and $1,130,700 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 O decimal places, e.g. 1,525.) The NPV is $
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