Sheridan Condiments is a spice-making firm. Recently, it developed a new process for producing Spices....
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Sheridan Condiments is a spice-making firm. Recently, it developed a new process for producing Spices. The process requires new machinery that would cost $2,244,338, have a life of five years, and would produce the cash flows shown in the following table.
Year Cash flow
1 $626,372
2 -229,300
3 754,920
4 702,420
5 692,480
What is the NPV if the discount rate is 14 percent? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculation and final answer to 0 decimal places, e.g. 1,525.)
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