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 8% 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. c. In ranking the presses from best to worst, Press C is the number 1 investment. (Select from the drop-down menu.) Press A is the number 2 investment. (Select from the drop-down menu.) Press B is the number 3 investment. (Select from the drop-down menu.) The Pl of press Ais(Round to two decimal places.)