Boondoggle Finance is considering including a new computer in this year's capital budget. The cash outlay for the computer is $1,660. The firm's cost of capital is 6.3%. After-tax cash flows, including depreciation, are as shown in the table below. Calculate the profitability index (PI) for this project.

End of Year	Cash Flow ($)
1	550
2	550
3	550
4	550
5	550

0.95

1.30

1.25

1.38