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 14%. a. Calculate the net present value (NPV) of each press. b. Using NPV, evaluate the acceptability of each press. X c. Rank the presses from best to worst using NPV. Data table d. Calculate the profitability index (PI) for each press. e. Rank the presses from best to worst using Pl. C (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) a. The NPV of press A is S. (Round to the nearest cent.) Machine A $84,600 Initial investment (CF) Machine B Machine C $59,600 $129,800 Cash inflows (CF) The NPV of press B is $ (Round to the nearest cent.) Year (t) The NPV of press C is $. (Round to the nearest cent.) 1 $17.600 $12,000 $50,500 2 $17,600 $13,600 $30,200 3 $17,600 $16,400 $20,200 4 $17,600 $17,900 $20,400 5 $17,600 $19,900 $19,800 b. Based on NPV, Hook Industries should Based on NPV, Hook Industries should Based on NPV, Hook Industries should 6 $17,600 $25,000 $29,500 7 $17,600 $40,200 $50,000 8 $17,600 c. In ranking the presses from best to worst, d. The PI of press A is. (Round to two decimal places.) The PI of press B is (Round to two decimal places.) The PI of press C is. (Round to two decimal places.) e. In ranking the presses from best to worst, press A. (Select from the drop-down menu.) press B. (Select from the drop-down menu.) press C. (Select from the drop-down menu.) is the number 1 investment. (Select from the drop-down menu. is the number 1 investment. (Select from the drop-down menu.) is the number 2 investment. (Select from the drop-down menu.) is the number 3 investment. (Select from the drop-down menu.) is the number 2 investment. (Select from the drop-down menu.) is the number 3 investment. (Select from the drop-down menu.) Print Done