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Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 11.7%. Year Project X Project Y

Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 11.7%. Year Project X Project Y 0 $-1.272 $-2.162 1 5441 909 2 9411 2.194 3 860 1,302 What is the Profitability Index of project Y? (Round answer to 2 decimal places. Do not round intermediate calculations)

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