Briarcrest condiments is 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 $2,018,842. have a life of five years, and would produce the cash flows shown in the following table.

Year Cash Flow

1 $628,269

2 -257,414

3 894,873

4 892,460

5 693,614

What is the NPV if the discount rate is 16.88 percent?

Reference no: EM13391947

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