Cleaners, Inc. is considering purchasing equipment costing $60,000 with a 6-year useful life. The equipment will provide cost savings of $14,739 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. Present Value of an Annuity of 1 Period 8% 9% 10% 12% 13% 11% 4.231 6 4.623 4.486 4.355 4.111 3.784 What is the approximate profitability index associated with this equipment? Round your answer to 2 decimal places. 4,188.34