Bridgeport Company is considering purchasing one of two new machines. The following estimates are available for each machine: Machine 1 Machine 2 Initial cost $162,900 $172,700 Annual cash flows 57,500 66,000 Annual cash outflows 19,000 24,000 Estimated useful life 6 years 6 years The company's minimum required rate of return is 9%. Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 15% 6 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 (a2) Compute the profitability index. (Round answers to 2 decimal places, e.g. 15.25.) Machine 1 Profitability index Machine 2