Compute net present value and profitability index (LO 2, 3), AN Plane Corp. is considering purchasing one of three new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below Machine A Machine B $88,000 $190,000$150,000 Machine C Original cost Estimated life Salvage value Estimated annual cash inflows 8 years $0 $20,000 8 years $0 $40,000 8 years $0 $32,000 Estimated annual cash outflows $9,000 $15,000 $10,000 Instructions Calculate the net present value and profitability index of each machine. Assume a 996 discount rate. Which machine should be purchased