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   NPV

   A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of $428,400. 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	$192,000	$50,000
   2	106,000	54,000
   3	168,000	92,000
   4	97,000	221,000
   5	59,000	240,000

   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 8 percent. If the NPV is negative, enter your answer as a negative value.

   	NPV
   MRI equipment	$fill in the blank 1
   Biopsy equipment	$fill in the blank 2