Question 6 of 16 < > 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 Initial cost $40,800 $50.250 Estimated life 6 years 6 years Salvage value $1.130 $1,450 Estimated annual cash inflows $15.100 $19,850 Estimated annual cash outflows $4,100 $6,950 -/4 1 Click here to view PV table. Calculate the profitability index assuming a 10% discount rate. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to 3 decimal places, e.g. 1.251.) Profitability Index Machine 1 01:26: