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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 need

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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 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 12.7% 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-nght corner of the data table below in order to copy its contents into a spreadsheet.) Machine A Machine B Machine C D Initial investment (CF) $91,500 565,300 $100,100 Year it) Cash inflows (CF) $12,300 $10,700 $31,000 12 300 20.800 31.000 12 300 30,300 31,000 12 300 39.000 31,000 a. The not present value for machine Ass (Round to the nearest cent)

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