Follow the format shown in Exhibit 128.1 and Exhibit 128.2 as you complete the requirements below. Spiro Hospital is investigating the possibitity of Investing in new dialysis equipment. Two local manufacturers of this equipment are being cunsidered as sources of the equipment. Afertax cash infiows for the two competing projects are as follows: Both projects require an initial investment of 5560,000 . In both cases, assume that the equipment has a life of 5 years with no saluage value. Required: Round present value calculations and yolir final answers to the nearest dollat. 1. Assuming a discount rate of 12%, compute the net present value of each piece of equipment. Puro equipment: Briggs equipmenti 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 cagh fions over its 5 -year life. What must the annual cash flow be for this equipment to be selected over the other two? Assume a 12% discount rate. per year