Herky Foods is considering acquisition of a new wrapping machine. The initial investment is estimated at $2.09 million, and the machine will have a? 5-year life with no salvage value. Using a discount rate of 5?%, determine the net present value? (NPV) of the machine given its expected operating cash inflows shown in the following? table
1 $668,800
2 $627,000
3 $501,600
4 $585,200
5 $334,400
Based on the ?project's NPV?, should Herky make this? investment?
The net present value? (NPV) of the new wrapping machine is $____ . (Round to the nearest? cent.)
Based on the? project's NPV?, should Herky make this? investment?? (Select the best answer? below.)
Yes or No