PS 30 #1

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.33 million and create incremental cash flows of $521,732.00 each year for the next five years. The cost of capital is 8.85%. What is the net present value of the J-Mix 2000?

Answer format: Currency: Round to: 2 decimal places.