NPV$-$Mutually exclusive projects Hook Industries is considering the replacement of one of its old metal stamping

machines. Three alternative replacement machines are under consideration. The cash flows associated with each

are shown in the following table: $.$ The firm's cost of capital is $11\%.$

a$.$ Calculate the net present value $($NPV$)$ of each press.

b$.$ Using NPV$,$ evaluate the acceptability of each press.

c$.$ Rank the presses from best to worst using NPV$.$

d$.$ Calculate the profitability index $($PI$)$ for each press.

e$.$ Rank the presses from best to worst using PI$.$

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below

into a spreadsheet.$)$