Net Present Value and Competing Projects For discount factors use Exhibit 128.1 and Exhibit 128.2. Spiro Hospital is invertigating the possibility of investing in new olalysis equipment. Two local manufacturers of this equipment are being considered as sources of the equigment, After-tax cash 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 Ife of 5 years with no salvage value: Round present value caiculations and your final answers to the nearest dollar. 1. Assuming a discovint rate of 94 , compute the net present value of each piece of equipment. Puro equipment: Briges equipment: Since the NPV of the Briggs equipment is than that of the Puro equipment, Eriggs should chosen. The data analytics types are 2. A third option has surfaced for equipment purchased from an out-of-state supplien. The cost is also $560,000, but this equipment will produce even cash fiows over 5-year life. What must the annual cash flow be for this equ pment to be selected over the other two? Assume a 9% discount rate. per year