Ivanhoe Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,322,338, would have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1 $585,372 2 -222,300 3 808,920 4 1,078,420 5 605,480 What is the NPV if the discount rate is 12.0 percent? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to O decimal places, e.g. 1,525.) NPV is $