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 associated with each are shown in the following table: The firm's cost of capital is 12%. Data Table 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. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) a. The NPV of press A is $ (Round to the nearest cent.) Press A Press B Press C Initial investment (CF) $85,400 $59,900 $130,200 Year (t) Cash inflows (CF) 1 $18,500 $11,600 $49,500 2 $18,500 $13,500 $30,000 3 $18,500 $15,900 $20,100 4 $18,500 $18,200 $19,800 5 $18,500 $19,500 $20,100 6 $18,500 $25,200 $30,200 7 $18,500 $39,600 8 $18,500 $50,000 Print Done