Berkay estimates that a project will cost $50,000 and will generate cash inflows of $12,000 in Year 1, $20,000 in Year 3 and $25,000 in Year 5. If the discount rate is 10 percent, what is the profitability index for this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.47.)