6 art 2 of 6 Required information [The following information applies to the questions displayed below) A company is considering a five year project that would require a $2,855,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operating income in each of five years as follows: pints $ 2,867,000 1.225,00 1,742,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $ 706,000 571.000 1,272,000 $ 465,000 2. What is the profitability index for this project? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Profitability index 0.33