Parrino, Fundamentals of Corporate Finance, 2e - 37093

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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 $2,409,776. have a life of five years, and would produce the cash flows shown in the following table.

YearCash Flow
1 $411,996
2 -205,247
3 801,851
4 915,261
5 799,085

What is the NPV if the discount rate is 15.75 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)


NPV is $
1 Solution for Parrino, Fundamentals of Corporate Finance, 2e
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FIN 571 Wiley Week 6 Questions
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