A firm intends to embark upon an aggressive investment to fend off competition from new entrants into the market. The inital costs of the new investment are 10 million today, with further expenditure on maintenance costs of 1.5m in each of the years 3 and 4 to maintain operational efficiency. The net cash inflow for the years 1 to 4 is E5 million per year. Production is expected to cease at the end of year 5 at which point some machinery will be sold for 2.5 million. The cost of capital is 15%. Catculate the Profitability index (PI) of the project. 1.367 1.243 1.252 0.367