Unequel lives- ANPV approach Evans Industries wishes to select the best of three possible fnachines, each of which is expected to satisfy the firm's ongoing wood for additional aluminum-extrusion capacity. The three machines A, B, and Care 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 here in order to copy the contents of the data table below into a spreadsheet.) Machine A Machine B Machine C Initial investment (CF) $91,000 $65,200 $100,400 Cash inflows (CF) $11.200 $10.200 $30,200 11 200 20.000 30,200 3 11.200 30,200 30,200 11200 39.000 30,200 Yeart) 1 2 4 11,200 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 nat present value for machine Ais (Rounid to the nearest cent) The that present value for machine Bis $(Round to the nearest cent) The net present value for machine is (Round to the nearest cent) Rank the machine in descending order on the banks of NPV Rank the projects below. (Select from the drop down monus.) Fost Project Second Project Thled Project b. The ANPV for machine Ais (Round to the nearest cent) The ANPV for machine Biss (Round to the nearest cent.) The ANPV for machine Cis (Round to the nearest cent.) Rank the projects below (Select from the drop-down menus) Machine Second Machine Third Machine c. Compare and contrast your findings in parts () and (). Which machine would you recommend that the firm acquire? (Select from the drop-down menus) Etter your answer in each of the answer boxes Machine > e. 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 Ender in an