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Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,395,407. have a life of five years, and would produce the cash flows shown in the following table.
Year Cash Flow
1 $576,865
2 -265,251
3 742,877
4 1,041,070
5 540,325

What is the NPV if the discount rate is 15.11 percent

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