Initial investment (CF.) Year (t) Machine A 591,500 The firm plans to use a cost of capital of 11.4% to evaluate each of them. $11,300 11,300 11,300 11,300 11,300 11,300 Macnine B Machine $65,400 $100,800 Cash inflows (CF) $10,800 $30,100 20,200 30,100 30,900 30,100 39,200 30,100 30,100 a. Calculate the NPV for each machine over its life. Rank the machines in descending order on the basis of NPV. b. Use the annualized net present value (ANPV) approach to evaluate and rank the machines in descending order on the basis of ANPV. c. Compare and contrast your findings in parts (a) and (b). Which machine would you recommend that the firm acquire