NPV-Mutually exclusive projects Hook Industries is considering the replacement of one of its old metal stamping machines Three alternativo replacement machines are under consideration. The relevant cash flows associated with each are shown in the following table The firm's cost of capital is 8% a. Calculate the nel presenta (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 probability index PD for each press e. Rank the presses from best to worst using PL a. The NPV of press Ass (Round to the nearest cont) Click on the icon here nto a spreadsheet.) in order to copy the contents of the data table below Initial investment (CF) Year (t) Machine A $85,000 Machine C $ 130,500 1 2. 3 4 5 6 7 8 $17,600 $17,600 $17,600 $17,600 $ 17,600 $17,600 $17,600 $17,600 Machine B $59,500 Cash inflows (CF) $12,000 $14,500 $16,100 $18,000 $19,500 $25,300 $49,700 $29,800 $19,600 $20,200 $20,100 $29,500 $39,600 $49,600