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 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 located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Machine A $91,400 Initial investment (CFO) Year (t) 1 Machine B Machine C $65,700 $100,400 Cash inflows (CFt) $10,000 $30,300 19,500 30,300 30,800 30,300 39,300 30,300 30,300 $11,500 11,500 11,500 11,500 11,500 11,500 2 3 4 5 6 $91,400 $100,400 Initial investment (CF) Year (t) 1 $65,700 Cash inflows (CFt) $10,000 19,500 30,800 39,300 $11,500 11,500 11,500 11,500 11,500 11,500 2 3 4 $30,300 30,300 30,300 30,300 30,300 5 6 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 firm acquire? a. The net present value for machine A is $ (Round to the nearest cent.)