12.31 ALGO 12.32 ALGO 2.33 ALGO 12.35.ALGO 12.38 ALGO 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: 12.40 ALGO 12.47 ALGO 12.36(3) ALGO FITB Year: Puro Equipment Briggs Equipment $320,000 $120,000 280,000 120,000 240,000 320,000 160,000 400,000 120,000 440,000 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 14, compute the net present value of each piece of equipment. how on startup for Reuse