$814,322 $863,275 $937,250 $1,017,112 $1,212,960 $1,225,000 + + + + + (1.15)1 (1.15) 2 (1.15) 3 (1.15) 4 (1.15)5 (1.

$814,322 $863,275 $937,250 $1,017,112 $1,212,960 $1,225,000 + + + + + (1.15)1 (1.15) 2 (1.15) 3 (1.15) 4 (1.15)5 (1.15)6 = $4,133,250 + 708,106 + $$652,760 + $616257 + $581,537 + $603,055 + $529,601 = $4,133,250 + = $441,933 10.3. Net present value: Crescent Industries is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown below. If the firm uses an 18 percent discount rate, should the firm go ahead with the project?