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A project with an initial cost of $408 is expected to provide cash flows of $159, $131, $77, and $231 over the next four years,
A project with an initial cost of $408 is expected to provide cash flows of $159, $131, $77, and $231 over the next four years, respectively. If the required return is 5.47%, what is the project's profitability index? Round your final answer to 3 decimal places.
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