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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 $1,930,262. Have a life of five years, and would produce the cash flows shown in the following table.
Year
Cash Flow
1
$534,021
2
-263,334
3
902,775
4
971,600
5
543,817
What is the NPV if the discount rate is 15.00 percent?
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