1A)

You have the following information on a project's cash flows. The project's required rate is 12%.

Year	Cash flows
0	-$ 90 ,000
1	23,000
2	28,000
3	30 ,000
4	84 ,000

The project's profitability index is ____ . Round it to two decimal places.

1B)

You are evaluating a 4-year project, and its cash flows are -63000, 17000, 20000, 33000, 28000 for years 0 to 4, respectively. If the cost of capital for the project is 11 percent, what is the project's profitability index?