Ithe owner of Atlantic City Confectionary is considering the purchase of a new semiautomatic candy machine. The machine will cost $22,000 and last 9 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 $3,500 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.) 33 Required: Compute the profitability index on the proposed candy machine, assuming an after-tax hurdle rate of: (a) 4 percent, (b) 6 percent, and (c) 8 percent. (Round your final answers to 2 decimal places.) Profitability Index (a) 4 percent (b) 6 percent (c) 8 percent ME Future Value and Present Value Tables + te NE LON 20 21 ET Em ANT T1 1 Tex 16 2 IN 117 6. Table 1 HIE Tue 1 1 12 MES 14 5 2 1 BUDE Table in w