Problem 10.14 Net present value: Briarcrest Condiments is aspice-making fi rm. Recently, it developed a new process forproducing spices. The process requires $1,968,450, 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 $512,496 2 242,637 3 814,558 4 887,225 5 712,642