unequai livesANPV approacn Evans industries wisnes to select the best of three possible machines, each of which is expected to satisiy the firm s ongoing need for additionai aluminum-extrusion capacity. The inree machines A, B, ana Care equally risky. The firm plans to use a cost of capital of 11.5% 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.) Machine A Initial investment $92,300 Year (t) Machine B Machine C $65,100 $99,700 Cash inflows (CF) $11,000 $29,900 20,900 29,900 29,200 29,900 39,300 29,900 29,900 $12,100 12,100 12,100 12,100 12,100 12 100 >o AWN- a. The net present value for machine A is $ . (Round to the nearest cent.) The net present value for machine B is $ . (Round to the nearest cent.) The net present value for machine C is $ . (Round to the nearest cent.) Rank the machines in descending order on the basis of NPV. Rank the projects below. (Select from the drop-down menus.) First: Project Second: Project Third: Project b. The ANPV for machine A is $ . (Round to the nearest cent.) The ANPV for machine B is $ . (Round to the nearest cent.) The ANPV for machine C is $ . (Round to the nearest cent.) Rank the projects below. (Select from the drop-down menus.) First: Machine Second: Machine Third: Machine c. Compare and contrast your findings in parts (a) and (b). Which machine would you recommend that the firm acquire? (Select from the drop-down menus.) Machine should be acquired since it offers the highest ANPV. Not considering the difference in project lives, Machine V has the highest NPV