Splish Corp. is considering purchasing one of two new diagnostic machines.

The following estimated data has been determined by management:

Click here to view the factor table.

Calculate the profitability index assuming an $8\%$ discount rate. $($For calculation purposes, use $5$ decimal places as displayed in the factor

table provided, e$.$g$.1\mathrm{.}25124$ and final answers to $3$ decimal places, e$.$g$.1\mathrm{.}251.)$

Profitability Index

Machine $1$

Machine $2$

Based on your answer, which project should the company choose?