Question: Pharoah, Inc. management is considering purchasing a new machine at a cost of $4,050,000. They expect this equipment to produce cash flows of $893,690, $817,950,

Pharoah, Inc. management is considering purchasing a new machine at a cost of $4,050,000. They expect this equipment to produce cash flows of $893,690, $817,950, $988,030, $1,106,600, $1,330,760, and $1,193,800 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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