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Problem 10.2 Kingston, Inc. management is considering purchasing a new machine at a cost of $3,983,214. They expect this equipment to produce cash flows of $792,417, $834,873, $879,422, $978,869, $1,095,424, and $1,313,935 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. Round answer to 2 decimal places, e.g. 15.25.)

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Category:- Accounting Basics
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