Problem 10.14 Net present value: Briarcrest Condiments is aspice-making fi rm. R

Problem 10.14 Net present value: Briarcrest Condiments is aspice-making fi rm. Recently it developed a new process forproducing spices. The process requires $1968450 have a life offive years and would produce the cash flows shown in the followingtable. What is the NPV if the discount rate is 15.9 percent? YearCash Flow 1 $512496 2 242637 3 814558 4 887225 5 712642