NPV: Mutually exclusive projects Hook Industries is considering the replacement of one of its old metal stamping machines. Three alternative replacement machines are under consideration. The relevant cash flows associated with each are shown in the P10-10 following table. The firm's cost of capital is 1 5%. Machine A Machine B Machine C Initial investment (CFo)-$85,000 $60,000-$130,000 Cash inflows (CF) $18,000 12,000 $50,000 18,000 30,000 20,000 18,000 18,000 18,000 20,000 18,000 20,000 20,000 18,000 25,000 30,000 18,000 40,000 18,000 a. Calculate the net present value (NPV) of each press. b. Using NPV, evaluate the acceptability of each press. Rank the presses from best to worst, using NPV d. Calculate the profitability index (PI) for each press. Rank the presses from best to worst, using PL c