Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.91 million and create incremental cash flows of $591,647.00 each year for the next five years. The cost of capital is 11.06%. What is the profitability index for the J-Mix 2000?

Caspian Sea Drinks is considering buying the JMix2000. It will allow them to make and sell more product. The machine cost $1.91 milition and create incremental cash flows of $591,647.00 each year for the next five years. The cost of capital is 11.06%. What is the profitability index for the J-Mix 2000 ? Answer format: Number: Round to: 3 decimal places