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 5.79 percent. The initial outlay for the project is $311,469. The project will produce the following end-of-the-year after-tax cash inflows of
Year 1: $195,993
Year 2: $64,098
Year 3: $356,023
Year 4: $380,187
Round the answer to two decimal places.