The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability in this situation:

is the present value of one dollar annuity with specifying interest rate a number of periods. In this case it is 6% for 5 year, so the present value index is