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Briarcrest condiments is a spice-making firm recently it

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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 $1,872,783. have a life of five years, and would produce the cash flows shown in the following table.

Year

Cash Flow

1

$458,479

2

-183,264

3

882,003

4

1,016,671

5

810,559

What is the NPV if the discount rate is 16.47 percent?

Reference no: EM13480091

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