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A project has cash flows of -$132,000, $60,800, $62,300 and $75,000 for years 0 to 3, respectively. The required rate of return is 14.0 percent.

A project has cash flows of -$132,000, $60,800, $62,300 and $75,000 for years 0 to 3, respectively. The required rate of return is 14.0 percent. What is the profitability index? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO TWO DECIMAL PLACES (e.g. 25.75).

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