Net Present Value and Competing Projects For discount factors use Exhibit 128.1 and Exhibit 128.2. Spiro Hospital is investigating the possibility of investing in new dialysis equipment. Two local manufacturers of this equipment are being considered as sources of the equipment. After-tax cash inflows for the two competing projects are as follows: Year Puro Equipment Briggs Equipment 1 $320,000 $120,000 2 280,000 120,000 3 240,000 320,000 4 160,000 400,000 120,000 440,000 Both projects require an initial investment of $560,000. In both cases, assume that the equipment has a life of 5 years with no salvage value Required: Round present value calculations and your final answers to the nearest dollar 1. Assuming a discount rate of 16%, compute the not present value of each plece of equipment Puro equipment 223,205 Briggs equipment 266,043 2. A third option has surfaced for equipment purchased from an out-of-state supplier. The cost is also $560,000, but this equipment will produce even cash flows over its 5-year life. What muut the annual cash flow be for this equipment to be selected over the other two? Assume a 16% discount rate. per ye