Briarcrest Condiments is the spice-making firm. Currently, it developed the new process for producing spices. The procedure needs new machinery which would cost $1,768,062. have the life of 5 years, and would make cash flows given in the table.
|
Year
|
Cash Flow
|
|
1
|
$536,173
|
|
2
|
-281,265
|
3
|
979,180
|
|
4
|
899,735
|
|
5
|
609,950
|
Compute NPV if discount rate is 16.94%?