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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 117% to evaluate each of them. The initial investment and annual cash inflows over the le of each machine are shown in the following table (Cick on the con located on the top-night comer of the datatable below in order to copy its contents into a spreadshoot) Machine A Machine B Machine C - Initial investment (CFO) $91,000 $65.600 599,500 Year (1) Cash inflows (CF) $12.200 $10.400 $30 400 12,200 21,000 30.400 12.200 30.500 30 400 12.200 39 200 30 400 a. The net prosent value for machine Aiss Round to the nearest cent) correct 2

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