The owner of Atlantic City Confectionary is considering the purchase of a new semiautomatic candy machine. The machine will cost $21,000 and last 12 years. The machine is expected to have no salvage value at the end of its useful life. The owner projects that the new candy machine will generate $4,100 in after-tax savings each year during its life (including the depreciation tax shield).

Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: Compute the profitability index on the proposed candy machine, assuming an after-tax hurdle rate of \\( (a) 8 \\) percent, \\( (b) 10 \\) percent, and (c) 12 percent. (Round your final answers to 2 decimal places.) Drncont V/al\u0131n of \\( \\$ 1 \\cap n \\ldots \\) \\( \\frac{1}{r}\\left(1-\\frac{1}{\\left(1, m_{n}\ ight)}\ ight) \\) Future Value of a Series of \\( \\$ 1.00 \\) Cash Flows (Ordinary Annuity) \\( \\underline{(1+r)^{n}-1} \\) Future Value of \\( \\$ 1.00(1+r)^{n} \\) \\begin{tabular}{rrrrrrrr} Period & \mathbf4 & \mathbf6 & \mathbf8 & \mathbf10 & \mathbf12 & \mathbf14 & \\( \\mathbf{2 0 \\%} \\) \\\\ 1 & 1.040 & 1.060 & 1.080 & 1.100 & 1.120 & 1.140 & 1.200 \\\\ 2 & 1.082 & 1.124 & 1.166 & 1.210 & 1.254 & 1.300 & 1.440 \\\\ 3 & 1.125 & 1.191 & 1.260 & 1.331 & 1.405 & 1.482 & 1.728 \\\\ 4 & 1.170 & 1.263 & 1.361 & 1.464 & 1.574 & 1.689 & 2.074 \\\\ 5 & 1.217 & 1.338 & 1.469 & 1.611 & 1.762 & 1.925 & 2.488 \\\\ \\hline 6 & 1.265 & 1.419 & 1.587 & 1.772 & 1.974 & 2.195 & 2.986 \\\\ \\hline 7 & 1.316 & 1.504 & 1.714 & 1.949 & 2.211 & 2.502 & 3.583 \\\\ \\hline 8 & 1.369 & 1.594 & 1.851 & 2.144 & 2.476 & 2.853 & 4.300 \\\\ \\hline 9 & 1.423 & 1.690 & 1.999 & 2.359 & 2.773 & 3.252 & 5.160 \\\\ \\hline 10 & 1.480 & 1.791 & 2.159 & 2.594 & 3.106 & 3.707 & 6.192 \\\\ \\hline 11 & 1.540 & 1.898 & 2.332 & 2.853 & 3.479 & 4.226 & 7.430 \\\\ \\hline 12 & 1.601 & 2.012 & 2.518 & 3.139 & 3.896 & 4.818 & 8.916 \\\\ \\hline 13 & 1.665 & 2.133 & 2.720 & 3.452 & 4.364 & 5.492 & 10.699 \\\\ \\hline 14 & 1.732 & 2.261 & 2.937 & 3.798 & 4.887 & 6.261 & 12.839 \\\\ \\hline 15 & 1.801 & 2.397 & 3.172 & 4.177 & 5.474 & 7.138 & 15.407 \\\\ \\hline 20 & 2.191 & 3.207 & 4.661 & 6.728 & 9.646 & 13.743 & 38.338 \\\\ \\hline 30 & 3.243 & 5.744 & 10.063 & 17.450 & 29.960 & 50.950 & 237.380 \\\\ \\hline 40 & 4.801 & 10.286 & 21.725 & 45.260 & 93.051 & 188.880 & 1.469 .800 \\end{tabular}