Tailor Corp. is considering purchasing one of two new diagnostic machines. The following estimated data has been determined by management: Machine 1 Initial cost $40.950 Machine 2 $50,800 5 years Estimated life 5 years Salvage value $1,030 $1,400 $15.100 Estimated annual cash inflows Estimated annual cash outflows $19.850 $7.000 $4,100 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, e.g. 1.25124 and final answers to 3 decimal places, e.g. 1.251.) 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