NPV A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of $422,700. 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 1 2 MRI Equipment $221,000 114,000 154,000 104,000 52,000 Biopsy Equipment $57,000 55,000 92,000 222,000 265,000 3 4 5 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 10 percent. If the NPV is negative, enter your answer as a negative value. NPV $ MRI equipment Biopsy equipment $