is Evans Industries wishes to select the best of three possible machines, each of which expected to satisfy the firm's ongoing need for additional aliminum-extrusion capacity. The thme machines-A,B and C-are equally risky. The firm plans to use 12% cost of capita!to evaluate each of them. The initial investment and annual cash inflows over the life of each machine are shown in the following table. Machine BMachine C 65,000 cash inflows 10,000 20,000 30,000 40,000 Machine A 92,000 100,500 Initial investment Years 12,000 12,000 12,000 12,000 12,000 12,000 30,000 30,000 30,000 30,000 30,000 4 a. Calculate the NPV for each machine andrank the machines with respect to their NPV b. Use the annualized NPV (ANPV) of the machines to evaluate and rank the machines. c. Compare your results in parts a and b. Discuss the difference in your decisions if any