(lgnore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $57,000. No other cash outflows would be required. The present value of the cash inflows would be $88,580. The profitability index of the project is closest to: Carlson Manufacturing has some equipment that needs to be rebuilt or replaced. The following information has been gathered relative to this decision Present Equipment New Equipment Purchase cost new $50000 $48,000 Remaining book value Cost to rebuild now $30.000 $25,000 Major maintenance at the end of 3 years $8,000 $5.000 Annual cash operating costs $10,000 $8000 Salvage value at the end of 5 years $3,000 $7000 Salvege value now $9,000 Carison uses the total cost approach to net present value analyus and a discount rabe of 12%, Regardless of which option is chosen, rebuld or replace, at the ond of tive years Carlsen Manuacturing w use for the equipment Click here to view Exhibit 118-1 and Exhibit t 2, to determine the apprepriate dscount factorts) using tebles if the new equipment is purchased, the present value of the annual cash operating costs associated with this aftemative is