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Current Attempt in Progress Marigold, Inc. is considering purchasing equipment costing $42000 with a 6-year useful life. The equipment will provide annual cost savings

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Current Attempt in Progress Marigold, Inc. is considering purchasing equipment costing $42000 with a 6-year useful life. The equipment will provide annual cost savings of $10600 and will be depreciated straight-line over its useful life with no salvage value. Marigold requires a 10% rate of return. Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 15% 6 4.623 4.486 4.355 4.231 4.111 3.784 What is the approximate profitability index associated with this equipment? 01.07 O 0.73 O 1.26 1.10

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