Baker's Pride Corporation is considering purchasing one of two new pizza convection ove Either oven would make it possible for the company to expand into gourmet frozen pizza ro sold in supermarkets. Estimates regarding each oven are provided below. Original Cost Baker Delight $110,000 Superior Baker $160,000 Estimated Useful Life Annual Cash Flows 8 years $36,000 Annual cash outflow $11,000 Instructions 8 years $59,000 $19,000 Calculate the net present value and profitability index of each oven. Based on your calculations, which oven should be purchased? Assume a 9% discount rate. Note: factor for the present value of an ordinary annuity 8 years @9% = 5.53482