Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,988,331. have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1 $542,067 2 -276,218 3 802,421 4 979,674 5 784,833 What is the NPV if the discount rate is 13.23 percent?