Net Present Value and Competing Projects: For discount foctors 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 sourcos of the equipment. After-tax cash inflows for the two competing projects are as follows: Both projects require an initial investment of 5560,000 , th both cases, assume that the equipment has a life of 5 years with no salvage value. Requiredt Round present value calculations and your final answers to the nearesy dollar, 1. Assuming a discount rate of 8%, compute the net present value of each plece of equipment. Puro equipment: Briges equipment: 2. A thifd option has surfaced for equipment purchased from an out-of-state supplien. The cost is also 3560,000, but this equipment will produce even cash fows over its 5-year life. What must the annual cash flow be for this equipment to be selected over the other two? Assume a 8% discount rate. ner year