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Sheridan Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that

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Sheridan Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided here. Click here to view the factor table. Calculate the net present value and profitability index of each machine. Assume a 9% discount rate. If the net present value is negotive. use elther a negative sign preceding the number es 45 or parentheses eg (45). Round answer for present value to 0 decimal places, es. 125 and profitability index to 2 decimal ploces, es. 10.50. For calculation purposes, use 5 decimal places as displayed in the factor toble provided.) Click here to view the factor table. Calculate the net present value and profitability index of each machine. Assume a 9% discount rate. (If the net present volue is negative, use either a negative sign preceding the number eg-45 or parentheses eg (45). Round answer for present value to 0 decimal ploces, eg. 125 and profitability index to 2 decimal places, eg. 10.50. For calculation purposes, use 5 decimal ploces as displayed in the factor table provided.)

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