Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the PI for the company's project, assuming the company's cost of capital is 12.87 percent. The initial outlay for the project is $435,759. The project will produce the following end-of-the-year after-tax cash inflows of
Year 1: $180,470
Year 2: $153,449
Year 3: $469,997
Year 4: $331,325
Round the answer to two decimal places.