P10-10 (similar to) Question Help 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: 6. The firm's cost of capital is 15%. Data Table X 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 Pl. (Click on the icon here into a spreadsheet.) in order to copy the contents of the data table below a. The NPV of press A is $ (Round to the nearest cent.) Machine A $84,900 Machine C $129,600 Initial investment (CF) Year (t) 1 2 3 4 $18,000 $18,000 $18,000 $18,000 $18,000 $18,000 $18,000 $18,000 Machine B $59,800 Cash inflows (CF) $12,000 $14,000 $15,700 $18,400 $20,400 $24,800 $49,800 $30,200 $19,800 $19,900 $19,800 $30,500 $39,900 $49,600 5 6 7 8