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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

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 11.4% 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 data table below into a spreadsheet.)
\table[[,Machine A,Machine B,Machine C],[Initial investment (CF0),$92,500,$65,800,$100,500
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