Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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BOYDZ Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,618,338, have a life of five years, and would produce the cash flows shown in the following table.
Year | Cash Flow |
1 | $442,372 |
2 | -254,300 |
3 | 779,920 |
4 | 998,420 |
5 | 591,480 |
What is the
NPV is | $_______ |
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