Briarcrest Condiments is a spice making firm Recently it devel
Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,968,450, have a life of five years, and would produce the cash flows shown in the following table. What is the NPV if the discount rate is 15.9 percent?
Year Cash Flow
1 ......... $512,496
2 ......... $(242,637)
3 ......... $814,558
4 ......... $887,225
5 ......... $712,642
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