Dickerson Co. is evaluating a project requiring a capital expenditure of $810,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: 
The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years is 0.893, 0.797, 0.712, and 0.636, respectively.
Determine the net present value.
Definitions:
Top Management
The highest level of executives responsible for the strategic direction and decision-making in an organization.
Trust the Process
A phrase encouraging belief in and adherence to a specific plan or system, despite potential uncertainty or slow progress.
Electronic Data Interchange (EDI)
The electronic transfer of business information using a standardized format, allowing different systems to communicate directly with each other.
Process Cycle Time
measures the total time taken to complete a business process from start to finish, indicating process efficiency.
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