NPV: Mutually exclusive projects Hook Industries is considering the replacement of
one of its old drill presses. Three alternative replacement presses are under consideration.
The relevant cash flows assoc
				Press A	Press B	Press C
	Initial Investment (Cfo)			85,000	60,000	130,000
	Year (t)	Year (t) Cash inflows (CFt)
		1		18,000	12,000	50,000
		2		18,000	14,000	30,000
		3		18,000	16,000	20,000
		4		18,000	18,000	20,000
		5		18,000	20,000	20,000
		6		18,000	25,000	30,000
		7		18,000		40,000
		8		18,000		50,000
a. Calculate the net present value (NPV) of each press.