NPV A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of $428,200. 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 MRI Equipment Biopsy Equipment 1 $216,000 $57,000 2 113,000 41,000 3 154,000 109,000 4 S 224,000 236,000 93,000 53,000 The present value tables provided in Exhibit 190.1 and Exhibit 198.2 must be used to solve the following problems. Required: Compute the net present value of each project, assuming a required rate of 8 percent. If the NPV is negative, enter your answer as a negative value. NPV MRI equipment Biopsy equipment