Sunland Condiments is a spice-making firm. Recently, it developed a new process for producing spices....

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Finance

Sunland Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,216,338, have a life of five years, and would produce the cash flows shown in the following table.
Year Cash Flow
1 $465,372
2 -228,300
3 820,920
4 862,420
5 744,480

What is the NPV if the discount rate is 12 percent

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