The process requires new machinery that would cost 1968450

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Net present value: Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,968,450, have a life of five years, and would produce the cash flows shown in the following table. What is the NPV if the discount rate is 15.9 percent?

Year

Cash Flow

1

$512,496

2

-242,637

3

814,558

4

887,225

5

712,642

Reference no: EM13567325

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