Question: Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 10.61 percent. The initial outlay is $458,684.
Year 1: $168,156
Year 2: $187,939
Year 3: $174,813
Year 4: $182,964
Year 5: $192,338
Round the answer to two decimal places.