Net present value Crescent Industries is planning to replace some existing machinery in its plant The cost of the new equipment and the resulting cash flows are shown in the accompanying table Year Cash Flow 0 $3,493,710 1 $816,490 2 $930,375 3 $1,216,906 4 $1,341,053 5 $1,392,665 If the company uses an 18 percent discount rate for project like this, the NPV is $ , and the company should reject or accept the project

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Question: Net present value: Crescent Industries is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash

Net present value: Crescent Industries is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table.

Year	Cash Flow
0	-$3,493,710
1	$816,490
2	$930,375
3	$1,216,906
4	$1,341,053
5	$1,392,665

If the company uses an 18 percent discount rate for project like this, the NPV is $____, and the company should reject or accept the project?

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