Question: 9.2 x Your answer is incorrect. Try again. Kingston, Inc. management is considering purchasing a new machine at a cost of $4,050,000. They expect this
9.2 x Your answer is incorrect. Try again. Kingston, Inc. management is considering purchasing a new machine at a cost of $4,050,000. They expect this equipment to produce cash flows of $829,090, $852,750, $1,001,730, $1,117,300, $1,106,160, and $1,166,200 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.) X The NPV is -332,814.86 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: CONCEPTS IN ACTION
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