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2 Armstrong LLC is purchasing a new machine for $180,000. The new machine would generate cash flows of $100,000 for each of the next three years. Armstrong uses a discount rate of 15%, what is the present value index? 9 9 9 Present Value Interest Factors 2% 4% 6% 0% 10% 12% 15% 20% 1 .9804 .9615 9434 .9259 .9091 B929 8696 2 9612 9246 8900 85738264 972 7561 6944 3 .942390 8396 ]938 .7513 ,118 6575 5787 .9238 548 J921 ,350 6830 6355 5718 A823 057 8319 3473 6806 6209 5674 4972 4019 6 .8880 .7903 JOSO 6302 S645 S066 A323 .3349 9706 .7599 6651 S835 .5132 AS23 3759 2791 S3S 7307 6274 5403 4665 A039 3269 2326 9 8363 7026 5919 5002 4241 360 2843 1938 0 8203 6756 5584 4632 3855 3220 2472 1615 11 8043 6496 5268 A289 3505 2875 2149 1346 12 7885 6246 4970 3971 3186 2567 1869 1122 13 7730 6006 4688 3677 2897 2292 1625 0935 14 7579 5775 4423 3405 2 2046 1413 0779 5 7430 5553 A173 3152 2394 .1827 1229 049 16 7284 5339 3936 2919 2176 1631 1069 S4 17 7142 5134 37142703 1978 .1456 0929 045 18 7002 4936 3503 2502 1799 13000808 0376 19 6864 4746 3305 2317 635 1 0703 0313 20 6730 4564 31182145 1486 0037 0611 026 Select one: o b. 1.27 c. 1.37 o d. 1.47