Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,163,720. have a life of five years, and would produce the cash flows shown in the following table.
Year Cash Flow
1 $428,037
2 -295,775
3 693,596
4 1,050,918
5 800,083
What is the NPV if the discount rate is 15.22 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)
NPV is $