19 Dec A hospital is considering the possibility of two n
A hospital is considering the possibility of two new purchases: new X-ray equipment and new biopsy equipment. Each project would require an investment of $750,000. The expected life for each is five years with no expected salvage value. The net cash inflows associated with the two independent projects are as follows: Required: Compute the net present value of each project, assuming a required rate of 12percent.