(Ignore income taxes in this problem.) Your Company purchased a machine with an estimated useful life of 8 years. The machine will generate cash inflows of $96,000 each year. The salvage value at the end of the project is $80,000. Your Company's discount rate is 6%. The net present value of the investment is ($5,000). What is the purchase price of the machine? $641,320 $568,320 $646,320 $651,320 (Ignore income taxes in this problem.) Your Corporation is considering the following three investment projects: Orange Grape Apple Initial investment $48,000 $78,650 $96,750 Present value of cash flows $51,850 $81,250 $101,500 Which of the choices below ranks the projects according to the profitability index, from most profitable to least profitable? Orange, Grape, Apple Apple, Grape, Orange Orange, Apple, Grape Apple, Orange, Grape Grape, Orange, Apple