Question: Cullumber, Inc. management is considering purchasing a new machine at a cost of $4,180,000. They expect this equipment to produce cash flows of $789,390, $901,050,
Cullumber, Inc. management is considering purchasing a new machine at a cost of $4,180,000. They expect this equipment to produce cash flows of $789,390, $901,050, $853,030, $1,096,700, $1,225,960, and $1,273,400 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 other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)
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