budgeting exercise. Use the Present Value Tables . Use the "Equal" Cash Flow

table.Please Show all steps so I can understand I have attached 2 tables however I am not sure if both are needed.

TABLE 4 Present Value of an Ordinary Annuity of $1 Equal Cash Flows DV/A1(1+i)n1 Capital Budgeting Exercise Bailey Corporation is considering purchasing one of two new processing machines. Either machine would make it possible for the company to produce its products more efficiently than it is currently equipped to do. Estimates regarding each machine are provided below: Instructions 1. Calculate the net present value and profitability index of each machine. Assume an 8% discount rate. Which machine should be purchased? Bailey Corporation did some further research and found one other possible machine that would produce the same type of production efficiencies. The information regarding Machine C is below: 2. Calculate the net present value and profitability index for Machine C. Use an 8% discount rate. 3. Rank the investments based on net present value. Which machine would be chosen based on this calculation, Machine A, B, or C? 4. Pank the investments based on profitability index. Which machine would be chosen based on this calculation, Machine A, B, or C? 5. Which machine should be purchased based on all the information provided? Discuss your reasons why. 4. Rank the investments based on profitability index. Which machine would be chosen based on this calculation, Machine A, B, or C? 5. Which machine should be purchased based on all the information provided? Discuss your reasons why. TABLE 2 Present Value of $1 Unequal Cash Flows PV - \$1