Question 12 of 15 -14 III View Policies Current Attempt in Progress Tailor Corp. is considering purchasing one of two new diagnostic machines. The following estimated data has been determined by management: Machine 1 Machine 2 $41,000 $50,550 5 years 5 years Initial cost Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows $1,180 $1.450 $15,150 $19.900 $3,900 $7.100 Click here to view PV table Calculate the profitability index assuming a 9% discount rate. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, cs 1.25124 and final answers to 3 decimal places, s 1.251) Profitability Index 26"CS Search Question 12 of 15 -/4 E Salvage value $1,180 $1,450 Estimated annual cash inflows $15,150 $19,900 Estimated annual cash outflows $3,900 $7.100 Click here to view PV table. Calculate the profitability index assuming a 9% discount rate, (For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg 1.25124 and final answers to 3 decimal places , es 1.251) Profitability Index Machine 1 Machine 2 Based on your answer which project should the company choose? Save for Later Attempts:0 of 1 used Submit