A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of $434,200. 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:

Year	MRI Equipment	Biopsy Equipment
1	$183,000	$60,000
2	97,000	48,000
3	166,000	99,000
4	98,000	182,000
5	49,000	242,000

The present value tables provided in Exhibit 19B.1 and Exhibit 19B.2 must be used to solve the following problems.

Required:

Compute the net present value of each project, assuming a required rate of 12 percent. If the NPV is negative, enter your answer as a negative value.

	NPV
MRI equipment	$
Biopsy equipment	$