Homework: Homework Set 4 Question 18, P11-29 (si.. Part 1 of 9 HW Score: 19.17%, 9.58 of 50 points Points: 0 of 2 Save 1 Unequal lives ANPV approach Evans Industries wishes to select the best of three possible machines, each of which is expected to sentity the firm's ongoing need for additional aluminum-extrusion capacity. The three machines A, B. and care equally raky. The firm plans to use a cusl of capital of 11.3% to evaluale each of them. The initial investment and annual cash inflows over the life of each machine are shown in the folosing table. (Click on the icon localed on the top-right corner of the data lable below in order to cowy ils contents in a spreadsheel.) Machine A Machine B Machine C D Initial Investment (CF) 592.900 S64,200 $101,400 $ Year (1) Cash inflows (CF) $12.100 $10.00! S30.000 2 12.100 20,00 30,000 12.100 30,200 30.000 4 12,100 40,900 30,000 5 12,100 30,000 B 12,100 a. Calculate the NPV for each machine over its life. Rank the machines in descending order an the basis af NPV. b. Use the analized represerval (ANPV) approach to evaluate and rank the machines in descending order on the basis of ANPV. c. Compare and contrast your findings in narts (a) and (b). Which machine would you recommend that the firm acquire? 3 . a. The nel present value for machine A is 3 (Round to the neares. cent.) (