NPVMutually 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%. 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. Data Table - X d. Calculate the profitability index (P) for each press. e. Rank the presses from best to worst using Pi. a. The NPV of press Ais $). (Round to the nearest cent.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Press A $84,500 Press C $130,400 Initial investment (CF) Year (t) 1 2 3 4 5 6 7 8 $18,400 $18,400 $18,400 $18,400 $18,400 $18,400 $18,400 $18,400 Press B $59,700 Cash inflows (CF) $11,500 $14,300 $16,200 $18,000 $20,200 $24,700 $49,700 $30,500 $19,600 $20,200 $20,200 $29,600 $40,000 $49,900 Print Done Enter your answer in the answer box and then click Check