Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,039,117. have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1 $525,103 2 -199,278 3 877,116 4 954,920 5 870,635 What is the NPV if the discount rate is 14.71 percent?