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 The firm's cost of capital is 15% 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 - X Data table (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 584,500 Press C $130,000 Initial investment (CF) Year (1) 1 2 3 4 5 6 7 8 Press B $60,500 Cash inflows (CF) $12,400 $13.900 $16.000 $18,500 $19,700 $24.500 $18,000 $18,000 $18.000 $18,000 $18,000 $18,000 $18.000 $18,000 OWN $49.700 $29.700 $20.300 $19.900 $19.900 $29,600 $40.100 $49.700 GREE a. The NPV of press Ais $(Round to the nearest cent) The NPV of press Bis $(Round to the nearest cent.) The NPV of press Ciss (Round to the nearest cent) b. Based on NPV Hook Industries should press A (Select from the drop down menu) A Based on NPV Hook Industries should press B. (Select from the drop down menu.) Based on NPV Hook Industries should press C (Select from the drop down menu) c. In ranking the presses from best to worst is the number 1 investment (Select from the drop-down menu) is the number 2 investment Select from the drop-down menu) is the number 3 investment Select from the drop-down menu) d. The Pl of press Ais (Round to two decimal places) The Pl of press B is (Round to two decimal places) The Pl of press is (Round to two decimal places) e. In ranking the presses frombest to worst, is the number 1 investment (Select from the drop-down menu. is the number 2 investment. (Select from the drop-down menu. is the number 3 investment. (Select from the drop-down menu.)