Net Present Value and Competing Projects

For discount factors use Exhibit $12$B$.1$ and Exhibit $12$B$\mathrm{.}2.$

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.

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.

Since the NPV of the Briggs equipment is

$x.$

selected over the other two? Assume a $8\%$ discount rate.

$x$ per year