Tailor Corp. is considering purchasing one of two new diagnostic machines. The following estimated data has been determined by management: Machine 1 Machine 2 $50,950 Initial cost $40.400 5 years 5 years $1,180 $1.450 Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows $15,150 $19,800 $4,000 $7,050 Click here to view PV table Calculate the profitability index assuming a 5% discount rate. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, c.g. 1.25124 and final answers to 3 decimal places, es 1.251) 2.5% FVF = (1 + i)" (n) Periods 2% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% 1 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 109000 1.10000 111000 1.12000 1.15000 2 1.04040 1.05063 1.06090 1,081601,10250 1.12360 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 3 1.06121 107689 1.09273 1.12486 1.15763 1.19102 125071 1.29503 1.33100 136703 1.40493 1.52088 4 1,08243 1 10381 1.12551 1.18988 121551 1.20248 136049 141158 1.48410 151807 1.57352 1.74901 5 1.10408 1.13141 1.15927 121665 1.27628 1.33823 1.40933 1.53862 1.01051 1.68506 1.76234 2.01136 6 1.12616 1.15969 1 19405 1,26532 134010 1.41852 1586871,67710 1.77156 1.87041 1.07382 2.31306 7 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 1.71382 1.82804 1.94872 2.07616 2.21068 2.86002 B 1.17166 1.21840 1.26877 1.36857 1.47746 1.59385 1.85093 1.99256 2.14350 230454 2.47500 305902 9 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 1.99900 2.17189 2.35795 255803 2.77308 3.51788 10 1.21899 1.28008 1.34392 1.48024 1.62889 179085 2.15892 236736 2.59374 2.83942 3.10585 4.04556 11 1.24337 131209 1.38423 1.53945 171034 1.89830 2.33164258043 2.85312 3.15176 3.47855 4.65239 12 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 2.51817 281267 3.13843 3.49845 3.89598 5.35025 13 1.29361 1.37851 1.46853 1.66507 1.88565 2.13293 2.71962 3.00581 3.45227 3.88328 4.36349 6.15279 14 1.31948 1.41297 1.51259 1.73168 1.97993 226090 2 93719 3.34173 3.79750 4.31044 4.88711 7,07571 15 1.34587 1.44830 1.55797 1 80094 2.07893 2.39656 3.172173.642484 17725 4.78459 5.47357 8.13706 16 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 17 1.40024 1.52162 1.65285 1.94790 2.29202 269277 3.70002 4.32763 5.05447 5.89509 6.86604 10.76128 18 1.42825 1.55966 1.70243 2.02582 2.40662 2.85434 3.99602 4.71712 555992 6.54355 7.68997 12.37545 19 1.45681 1.59865 1.75351 2.10685 2.52695 3.02580 4.31570 5.14166 6.11591 726334 8.61276 14.23177 10714 | TECH F41 672750 800231 8 64629 16 36654 Click here to view.py tables Calculate the profitability index assuming a 5% 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, eg, 1.251) Profitability Index Machine 1 Machine 2 Based on your answer, which project should the company choose