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14 of 16 (14 complete) HW Score: 75.78%, 12.13 of 16 pts P11-29 (similar to) Question Help Unequal lives-ANPV approach Evans Industries wishes to select the best of three possible machines, each of which is expected to satisfy the firm's ongoing need for additional aluminum-extrusion capacity. The three machines A, B, and Care equally risky. The firm plans to use a cost of capital of 11.7% to evaluate each of them. The initial investment and annual cash inflows over the life of each machine are shown in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Machine A Machine B Machine C Initial investment (CF) $92,200 $64.000 $101,000 Year (t) Cash inflows (CF) 1 $11,800 $10,700 $29,200 2 11,800 19,100 29,200 3 11,800 29.000 29.200 a. The net prosent value for machine Ais $(Round to the nearest cent) Machine A Machine B Machine C Initial investment (CF) $92,200 $64,000 $101,000 Year (0) Cash inflows (CF) 1 $11,800 $10,700 $29,200 2 11,800 19,100 29,200 3 11,800 29,000 29,200 4 11,800 40,200 29,200 5 11,800 29,200 6 11,800 a. Calculate the NPV for each machine over its life. Rank the machines in descending order on the basis of NPV. a. The net present value for machine Ais (Round to the nearest cent.) - Enter your answer in the answer box and then click Check Answer, 8 parts remaining Clear All