Can you help me solve this without using excel

OutThunder Corp. is planning to invest in a project that is expected

to generate a NPV of $$3,000.$ If the project had an initial outlay of

$$55,000,$ what is the project's profitability index? Round your final

answer to two decimal places $($Ex$.0\mathrm{.}00).$

$1\mathrm{.}05$ margin of error $\frac{+}{-}0\mathrm{.}02$