What is the NPV if the discount rate is 15.69 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.) NPV is $

Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,726,331. have a life of five years, and would produce the cash flows shown in the following table.

Year

Cash Flow

1 $566,667 2 -265,518 3 618,983 4 1,077,091 5 585,792

What is the NPV if the discount rate is 15.69 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)

NPV is $More on This Topic......