Question: Pharoah Condiments is a spice-making form. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,597,338, have

 Pharoah Condiments is a spice-making form. Recently, it developed a new

Pharoah Condiments is a spice-making form. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,597,338, have a life of five years, and would produce the cash flows shown in the following table. Year 1 2 Cash Flow $571,372 -259.300 633,920 809,420 568,480 3 5 What is the NPV if the discount rate is 17 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.8. 1.525.) NPV is $

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