QUESTION
Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices
Category: Business
Subject: Finance
Due Date: 05/13/2014
Question Asked: 2014-05-11 05:35:18
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User: easy1
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Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,729,874. have a life of five years, and would produce the cash flows shown in the following table.
Year |
Cash Flow |
1 |
$504,296 |
2 |
-285,754 |
3 |
915,237 |
4 |
763,457 |
5 |
815,548 |
What is the NPV if the discount rate is 16.81 percent? (Enter negative
amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g.
15.25.)
NPV is |
$ |