Find the Present Value Index for each hardware store. Hurdle rate is 10%

Lowes $4,500,000 9 Years $50,000 Home Depot Ace Hardware $4,600,000 $4,700,000 9 Years $50,000 $40,000 9 years Cost of New Machine Estimated Useful Life Operating Costs each year Warranty covers years 1-4 Maintenance Years 5-10 Training for employees Expected revenues generated $15,000 $25,000 $800,000 $35,000 $45,000 $700,000 $15,000 $35,000 $800,000 years 1-3 Expected revenues generated $600,000 $600,000 years 4-6 $700,000 Expected revenues generated $400,000 $500,000 years 7-10 $600,000 $50,000 $10,000 $25,000 Estimated Salvage Value Use straight-line depreciation to include tax savings from depreciation Tax rate 20%