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A company is considering a project with the following characteristics: Initial Investment: $4,054 Net present value: $1,440 Internal Rate of Return: 13% Payback Period: 4.1

A company is considering a project with the following characteristics:

Initial Investment: $4,054
Net present value: $1,440
Internal Rate of Return: 13%
Payback Period: 4.1 years

What is the Profitability Index for this project? (Please round to 2 decimal places.)

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