P11-29 (similar to) Question Help Unequal lives-ANPV approach Evans Industries wishes to select the best of three possible machines, each of which is expected to satisfy the firm's ongoing need for additional aluminum-extrusion capacity. The three machines-A B, and C-are equally risky. The firm plans to use a cost of capital of 126% to evaluate each of them. The initial investment and annual cash inflows over the life of each machine are shown in the following table (Click on the icon here in order to copy the contents of the datatable below into a spreadsheet) Machine A Machine B Machine C Initial investment (CF) 591,800 566,000 $99,700 Year() Cash inflows (CF) $12.100 $10,700 $30,900 12,100 19,000 30.900 12,100 30,000 30.000 12,100 30.000 30.900 12.100 30.900 a. The net present value for machine Ais (Round to the nearest cent) P11-29 (similar to) E Question Help $91,800 Initial investment (CF) Year) 599 700 566 000 Cash inflows (CF) $10,700 19,000 30.000 30,000 $12,100 12,100 12,100 12,100 12,100 12.100 S30 900 30 900 30 900 30 900 30 900 a. Calculate the NPV for each machine over its life Rank the machines in descending order on the basis of NPV b. Use the annualized net present value (ANPV) approach to evaluate and rank the machines in descending order on the basis of ANPV c. Compare and contrast your findings in parts(a) and (b). Which machine would you recommend that the um acquire ? a. The net present value for machine Ais (Round to the nearest cant)