1-calculate npv for each press 2-using npv evaluate acceptability of each press 3-rank the presses from the best to worst using npv 4-calculate profitability index for each press 5-rank the press from the best to worst using (pi)

QUESTION 9 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. The firm's cost of capital is 15%. Press A Press B Press C Initial investment (CFo) $85,000 $60,000 $130,000 Year (t) Cash inflows (CF) $18,000$12,000 $50,000 14,000 30,000 20,000 18,000 20,000 20,000 20,000 25,000 30,000 40,000 50,000 2 3 4 18,000 18,000 18,000 18,000 18,000 18,000 18,000 16,000 6