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 $251,400
Estimated life 10 years
Salvage value $30,000
Estimated annual cash inflows $44,600
Estimated annual cash outflows $9,900
Calculate the net present value and profitability index for Machine C. Use an 8% discount rate.