This is a problem with mutually exclusive projects. You only have to do the net present value method, so you can evaluate the projects separately, or you can combine them. But if you evaluate them separately, the answer you submit must be the difference in the two net present values (see the directions for the correct sign to use). As you determine the cash flows, make sure that you use the correct project life and that you treat the current disposal value of the current machines properly. The Lansing Community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak. h be sold imedlately for $1,300, thelr resale value in 5 years will be zero. The Ca f1 3c0 h down periodically, resultin The office's 4 Canon maces dre expected to last 5 ma , years ey weeks 4 machines brea in annual repair costs hours wee year machine. Supplies cost $1,080 a year for each machine. The total cost of the new Kodak equipment will be $114,000. The equipment will have a life of 5 years and a total disposal value at that time of $2,500. The Kodak system will require only 2 regular operators. Kodak has offered the college a maintenance contract that coverss all machine breakdowns; the cost of the contract is $1,200 per year. Total cost for all supplies will be $3,480 per year. Required Assuming a discount rate of 12%, compute the difference between the net present value if the registrar's office keeps the Canon copiers and the net present value if it buys the Kodak copiers. [Note: If your results favor keeping the Canon copiers, enter your net present value difference as a positive number; if your results favor buying the Kodak copiers, enter your net present value difference as a negative number.]