The management of California Corporation is considering the purchase of a new machine costing $400,000 The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0 909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability of this investment: What is the present value index for this investment