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Corporate Finance

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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 $2,163,720. have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow
1 $428,037
2 -295,775
3 693,596
4 1,050,918
5 800,083

What is the NPV if the discount rate is 15.22 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)
NPV is $

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