Patterson Company is considering two competing Investments. The first is for a standard piece of production equipment. The second is for computer-aided manufacture (CAM) equipment. The Investment and after-tax operating cash flows follow: Year Standard Equipment CAM Equipment $(500,000) 300,000 $(2,000,000) 100,000 200,000 200,000 #WN 100,000 300,000 100,000 400,000 100,000 400,000 100,000 400,000 100,000 500,000 100,000 100,000 1,000,000 1,000,000 1,000,000 10 100,000 Patterson uses a discount rate of 18% for all of its investments. Patterson's cost of capital is 10% Required: 1. Calculate the NPV for each investment by using a discount rate of 18%. Use the minus sign to indicate a negative NPV. Standard equipment $190,718 CAM equipment 2. Calculate the NPV for each investment by using a discount rate of 10%. Previous Check My Work Email Instructor Save and Exit Submit Assign All work saved