Question: Kingston, Inc. management is considering purchasing a new machine at a cost of $4,290,000. They expect this equipment to produce cash flows of $750,790, $854,050,

Kingston, Inc. management is considering purchasing a new machine at a cost of $4,290,000. They expect this equipment to produce cash flows of $750,790, $854,050, $895,030, $1,013,500, $1,204,560, and $1,194,700 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.)

The NPV is $

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