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A project has an initial cost of $ 4 2 8 , 6 6 2 . The project is expected to have cash flows of

A project has an initial cost of $428,662. The project is expected to have cash flows of $134,269 in year 1, $178,643 in year 2 and $572,086 in year 3. What is the profitability index for this project if the discount rate is 5%? Enter your answer to two decimal places.

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