Question 12 Tailor Corp. is considering purchasing one of two new diagnostic machines The following estimated data has been determined by management: Machine Machine 2 Initial cost $40,800 $50,600 Estimated site o years 6 years Salvage value 51.110 $1,550 Estimated annual cash infos $15.150 $19.950 Estimated annual cash outflows $3.900 $6,950 Click here to view pytable Calculate the profitability index assuming and discount rate (For calculation purposes se decimal places as displayed in the factor table provided, 1.25124 and final answers to decimal places, 6.0, 1.251) Profitability Index stachine Machine 2 Based on your answer which project should the company choose