BTC Enterprises is considering the two mutually-exclusive investment projects shown below:

YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4

PROJECT CASH FLOW CASH FLOW CASH FLOW CASH FLOW CASH FLOW DISCOUNT

A -100 40 50 60 N/A .15

B -73 30 30 30 30 .15

Based on this information, calculate the Profitability Index (PI) for Project A.

Notes:

Use two (2) decimal spaces to enter your answer.For example, 38.3% should be entered as