Cardinal Company is considering a five-year project that would require a $2,870,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Click here to view and to determine the appropriate discount factor(s) using table. 5. What is the profitability index for this project? Note: Round your answer to 2 decimal places