Determine the npv

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Question: Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,313,519 and have a life of five years and would produce the cash flows shown in the following table.

Year Cash Flow

1 $391,444

2 -239,313

3 885,750

4 848,808

5 671,095

What is the NPV if the discount rate is 12.37 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)

NPV is $

Reference no: EM1339946

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