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Kingston, Inc. management is considering purchasing a new machine at a cost of $3,810,000. They expect this equipment to produce cash flows of $853,690, $939,950,
Kingston, Inc. management is considering purchasing a new machine at a cost of $3,810,000. They expect this equipment to produce cash flows of $853,690, $939,950, $866,730, $1,069,400, $1,282,560, and $1,222,400 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 intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)
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