Corpus Candy Corp is deciding whether to invest in a new candy machine or to...
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Corpus Candy Corp is deciding whether to invest in a new candy machine or to fix up their old candy machine. The new candy machine will cost the company $355,000, and the company will be able to sell the old candy machine for $19,000. Fixing the old machine will cost the company $130,000. The company ran an analysis and found that the net present value of getting the new machine is $42,100, and the net present value of fixing the old machine is $12,050. Calculate the project profitability index for each choice. Round your answer to two decimal places.
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