NPVMutually exclusive projects Hook Industries is considering the replacement of one of its old metal stamping machines. Three alternative 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 14%. a. Calculate the net present value (NPV) of each press. Data table 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. (Click on the icon here in order to copy the contents of the data table below e. Rank the presses from best to worst using Pl. into a spreadsheet.) Machine C $130,200 Initial investment (CF) Year (t) a. The NPV of press A is $ (Round to the nearest cent.) 1 2 3 Machine A Machine B $85,400 $60,500 Cash inflows (CFt) $17,600 $12,000 $17,600 $13,600 $17,600 $15,500 $17,600 $17,700 $17,600 $19,500 $17,600 $24,500 $17,600 $17,600 4 $50,400 $30,400 $19,700 $19,900 $19,500 $30,000 $40,200 $50,000 5 6 7 8 Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $553,000 and returns after-tax cash inflows of $99,636 per year for 10 years. The firm has a maximum acceptable payback period of 8 years. a. Determine the payback period for this project. b. Should the company accept the project