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Ross Enterprise Inc. is considering two pieces of equipment, a lathe, and a pneumatic system, in this year's capital budget. The projects are independent. The

Ross Enterprise Inc. is considering two pieces of equipment, a lathe, and a pneumatic system, in this year's capital budget. The projects are independent. The capital expenditure for the lathe is $17,100, and $22,430 for the pneumatic system. The firm's cost of capital (discount rate) is 14%. The five-year after-tax cash inflows are $5,100 for the lathe and $7,500 for the pneumatic system. What is the NPV for both Projects

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