Waterway Corp. is considering purchasing one of two new processing machines. Either machine would make it possible for the company to produce its products more efficiently than it is currently equipped to do. Estimates regarding each machine are provided below: Machine A Machine B Original cost Estimated life $112,100 $270,000 10 years 10 years Salvage value -0- -0- Estimated annual cash inflows $29,700 $59,400 Estimated annual cash outflows $7,600 $14,900 (a) Calculate the net present value and profitability index of each machine. Assume an 8% discount rate. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 2 decimal places eg. 589.71. Enter negative amounts using either a negative sign preceding the number eg. -45.35 or parentheses eg. (45.35).) Net present value Profitability index Machine A Which machine should be purchased? Machine B