Briarcrest condiments is a spice-making firm recently it

Reference no: EM13388988

Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,513,148. have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow

1 $403,744

2 -298,832

3 662,643

4 841,267

5 588,072

What is the NPV if the discount rate is 16.40 percent? (Enter negative amounts using negative sign e.g. -45.25.

Reference no: EM13388988

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