Year Puro Equipment Briggs Equipment 1 $320,000 $120,000 280,000 120,000 240,000 320,000 160,000 400,000 120,000 440,000 Both projects require an initial investment of $560,000. In both cases, assume that t salvage value. Required: Round present value calculations and your final answers to the nearest dollar. 1. Assuming a discount rate of 12%, compute the net present value of each piece of Puro equipment: $ 371,600 x