NPV inflows associated with the two independent projects are as follows:

$\backslash$table$[[$Year$,$MRI Equipment,Biopsy Equipment$],[1,$$$201,000,$$$44,000],[2,97,000,41,000],[3,148,000,107,000],[4,102,000,181,000],[5,43,000,253,000]]$

The present value tables provided in Exhibit $19$B$\mathrm{.}1$ and Exhibit $19$B$\mathrm{.}2$ 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.

$\begin{array}{cc}?& NPV\\ \text{M}\text{R}\text{I}\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}& \text{\$}\\ \text{B}\text{i}\text{o}\text{p}\text{s}\text{y}\text{e}\text{q}\text{u}\text{i}\text{p}\text{m}\text{e}\text{n}\text{t}& \text{\$}\end{array}$