P12-14 (similar to) Unequal livesANPV 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 machinesA, B, and Care equally risky. The firm plans to use a cost of capital of 12.2% 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 located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) D Initial investment (CF) Year (t) 1 Machine A Machine B Machine C $91,100 $65,800 $101,200 Cash inflows (CF) $11,700 $10,500 $30,800 11.700 21,000 30.800 11.700 29.400 30.800 11.700 39,500 30.800 11,700 30.800 11.700 6 a. The net present value for machine A is $1. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 8 parts Clear All Check Answer remaining CH HH Type here to search o iT ? 99 2:53 AM 10/30/2020 19