>10-10 (similar to) Question Help NPV-Mutually exclusive projects Hook Industries is considering the replacement of one of its old drill presses. Three alternative replacement presses are under consideration. The relevant cash flows associated with each are shown in the following table: E. The firm's cost of capital is 12%. x Data Table 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 Pl. a. The NPV of press A is $O. (Round to the nearest cent.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Press A $85,500 Press C $130,500 Initial investment (CF) Year (t) 1 2 3 4 5 6 7 8 $18,500 $18,500 $18,500 $18,500 $18,500 $18,500 $18,500 $18,500 Press B $59,500 Cash inflows (CF) $12,500 $14,100 $15,900 $17,900 $19,500 $24,700 $49,900 $29,600 $19,800 $19,700 $19,900 $30,400 $40,500 $50,000 Enter your answer in the answer box and then click Check Answer 14 remaining | Answer Print Nona