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NPVlong dash—Mutuallyexclusive projects???Hook Industries is considering thereplacement of one of its old metal stamping machines. Threealternative replacement machines are under consideration. Therelevant cash flows associated with each are shown in thefollowing? table:LOADING.... The? firm's cost of capital is1414?%.a.??Calculate the net present value?(NPV?)of each press.b.??Using? NPV, evaluate the acceptability of each press.c.??Rank the presses from best to worst using NPV.d.??Calculate the profitability index? (PI) for each press.e.??Rank the presses from best to worst using PI.Machine AMachine BMachine CInitial investment?(CF 0CF0?)?$84 comma 90084,900?$60 comma 30060,300?$130 comma 500130,500Year? (t)Cash inflows?(CF Subscript tCFt?)1?$17 comma 80017,800?$12 comma 50012,500?$49 comma 60049,6002?$17 comma 80017,800?$14 comma 40014,400?$29 comma 90029,9003?$17 comma 80017,800?$16 comma 50016,500?$19 comma 90019,9004?$17 comma 80017,800?$17 comma 90017,900?$19 comma 60019,6005?$17 comma 80017,800?$20 comma 00020,000?$20 comma 00020,0006?$17 comma 80017,800?$25 comma 50025,500?$30 comma 40030,4007?$17 comma 80017,800long dash—?$40 comma 10040,1008?$17 comma 80017,800long dash—?$50 comma 300