problem: Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,313,519 and have a life of five years and would produce the cash flows shown in the following table.
Year Cash Flow
What is the NPV if the discount rate is 12.37 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)
NPV is $