1. Assuming a discount rate of 16%, compute the net present value of each piece of equipment.

Puro equipment:	$fill in the blank 1
Briggs equipment:	$fill in the blank 2

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 must the annual cash flow be for this equipment to be selected over the other two? Assume a 16% discount rate. $fill in the blank 3 per year