12. You are considering two independent projects. Project 1 costs $74,600 and has projected cash flows of $17,800, $64,300, and $12,200 for Years 1 to 3, respectively. Project 2 costs $93,440 and has cash flows of $10,600, $15,800, and $67,900 for Years 1 to 3, respectively. You assign a discount rate of 10 percent to Project 1 and 12 percent to Project 2. What is the profitability index for Project 2?