(Answered) Net present value briarcrest condiments is a spice-making

Finance

Net present value: Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,968,450, have a life of five years, and would produce the cash flows shown in the following table. What is the NPV if the discount rate is 15.9 percent?

Year	Cash Flow
1	$512,496
2	-242,637
3	814,558
4	887,225
5	712,642

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