Angler 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 $112,600 $272,600 10 years 10 years Original cost Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows $30,300 $7,400 $60,500 $14,800 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%) Machine A Machine B Net present value $ $ Profitability index Which machine should be purchased? Angler Corp, should purchase e Textbook and Media Angler Corp. did some further research and found one other possible machine that would produce the same type of production efficiencies. The information regarding Machine C is below: Machine C Original cost $253,700 Estimated life 10 years Salvage value $30,200 Estimated annual cash inflows $45,400 Estimated annual cash outflows $10,000 Calculate the net present value and profitability index for Machine C. Use 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 elther a negative sign preceding the number eg, -45.35 or parentheses eg. (45.351.) Net present value $ Angler Corp.did some further research and found one other possible machine that would produce the same type of production efficiencies. The information regarding Machine C is below: Original cost Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows Machine C $253,700 10 years $30,200 $45,400 $10,000 Calculate the net present value and profitability index for Machine C. Use 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 e.g. (45.351.) Net present value $ Profitability index e Textbook and Media Rank the investments based on net present value. Rank Machine A + Machine B . Machine C Which machine would be chosen based on this calculation? Choose Rank the investments based on profitability index. Rank Machine A Machine B Machine C Which machine would be chosen based on this calculation? Choose A e Textbook and Media Which machine should be purchased based on all the information provided? Discuss your reasons why. A should be purchased as it provides the 4 and has the A