Value MM Competing Projects For discount factors use Exhibit 128.1 and Exhibit 120.3. Spire Hospital is investigating the possibility of investing in new dialysis equipment. Two local manufacturers of this equipment are being considered as osas of the souipment, afertas a f follows: Year Pure Equipment Briggs Equipment 1 $320,000 $120,000 2 280,000 120,000 3 240,000 320,000 160,000 120,000 400,000 440,000 Both projects require an initial investmeet of $560,000. In both cases, assume that the equipment has a fe of 3 years Required: Round present value calculations and your final answers to the nearest dolla 1. Assuming a discount rate of 12%, compute the net present value of each piece of equipment Puro equipment Briggs equipment 2. A third option has surfaced for equipment purchased from an out-of-state supplier The cost is aho $560,000, but this went will produce even cash flows verts 3 that the selected over the other two? Assume a 12% discount rate. per year