Blossom Corp. is considering purchasing one of two new diagnostic machines. The following estimated data has been determined by management: Machine 1 Initial cost $40,350 Estimated life 6 years Salvage value $1,190 Estimated annual cash inflows $15,200 Estimated annual cash outflows $4,000 Machine 2 $50,600 6 years $1,450 $20,000 $7,050 Click here to view the factor table. Calculate the profitability index assuming an 6% discount rate. (For calculation purposes, use 5 decimal places as displayed in the fact