Bakers Pride Corporation is considering purchasing one of two new mixing machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below. Instructions 1. Calculate the net present value and profitability index of each machine. Assume a 9% discount rate. 2. Which machine should be purchased? Note: factor for the present value of an ordinary annuity 8 years @9 %=5.53482