Spiro Hospital is investigating the possibility of investing in new dialysis equipment. Two local manufacturers of this equipment are being considered as sources of the equipment Atter-tax cash inflows for the two competing projects are as follows: Woth projects require an initial investment of $560,000. In both case1, assume that the equipment has a life of 3 years with no salvage valie. Heauired: Round present volue calculations and your final answers to the nearest dollae. 1. Aspuming a discount rate of 12 wi compute the net present value of each piece of equipalent. Puro equipment Briggs oquipment 2. A third option has surfaced for equipment purchased from an out-ot-state supplief. The cost is also 5560,000 , but this equipment will groduce oven cath nows over its 5.vear lite. What must the annual cash flow be for this equipment to be selected over the other two A assume a 12% discount rate. per vear