inflows for the two competing projects are as follows:

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.

Assuming a discount rate of $8\%,$ compute the net present value of each piece of equipment.

Puro equipment: $,$

Briggs equipment: $,$

the annual cash flow be for this equipment to be selected over the other two? Assume a $8\%$ discount rate.

per year