Concord Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows $66000 $106000 $146000 186000 76000 96000 Using the profitability index, how many of the projects are acceptable? 0 03 O 2 Blossom Company is considering buying a machine for $280000 with an estimated life of 10 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12000 each year. The cash payback pei'iod on this inwMIneni: 1% 2.33 years. 7.00 years 11.67 years. O 10.00 years