Initial investment (CFO) Year (t) $91,800 1 23456 $66,000 Cash inflows (CF+) $99,500 $11,800 $10,900 $30,100 11,800 20,500 30,100 11,800 29,000 30,100 11,800 40,600 30,100 11,800 11,800 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? a. The net present value for machine A is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 8 parts remaining Clear All Check Answer ?