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 fim plans to use a cost of capital of 12.7% to evaluate each of them. The Inital 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 Machine B Machine C Initial investment (CF) $92,400 S64.600 $100,900 Year(t) Cash inflows (CF) $12,500 $10,300 $30.300 12.500 20,900 30,300 12,500 29,400 30,300 12.500 40.800 30,300 12,500 12.500 a. The net present value for machine Ais (Round to the nearest cent.) The net present value for machine Bis $(Round to the nearest cent.) 3 4 30,300 The net present value for machine Ciss. (Round to the nearest cent.) Rank the machines in descending order on the basis of NPV. Rark 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 has also the highest NPV. Enter your answer in each of the answer boxes