Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,018,842. have a life of five years, and would produce the cash flows shown in the following table.
Year Cash Flow
1 $628,269
2 -257,414
3 894,873
4 892,460
5 693,614
What is the NPV if the discount rate is 16.88 percent?