Beta Inc. is considering two independent projects. Project A has an initial outlay of $100,000 and will provide an annual cash flow of $60,000/year for each of the next two years. Project B costs $140,000 and is expected to provide an annual cash flow of $75,000/year for each of the next two years. The required return for both projects is 9%.

1. Find the profitability index for Project A. Round intermediate steps and your final answer to four decimals.

   		1.0555
   		.9424
   		.0555
   		1.0237