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A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of s420, 500.

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A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of s420, 500. The expected life for each is five years with no expected salvage value. The net cash inflows associated with the two independent projects are as follows: The present value tabies provided in Exhibit 198.1 and faxhibit 198.2 must be used to soive the following problems. Required: Compute the net present value of each project, assuming a required rate of 8 percent. If the NPV is negative, enter your answer as a negative value

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