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Dreamland company is considering investing in Project Cloud or Project Rainbow. Project Cloud generates the following cash flows: year zero 323 dollars (outflow); year 1

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Dreamland company is considering investing in Project Cloud or Project Rainbow. Project Cloud generates the following cash flows: year "zero" 323 dollars (outflow); year 1 = 263 dollars (inflow); year 2 = 262 dollars (inflow); year 3 = 393 dollars (inflow); year 4 = 154 dollars (inflow). Project Rainbow generates the following cash flows: year "zero" = 230 dollars (outflow); year 1 = 120 dollars (inflow); year 2 = 100 dollars (inflow); year 3 = 200 dollars (inflow); year 4 = 120 dollars (inflow). The MARR is 12%. Compute the Profitability Index of the BEST project. (note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, or commas)

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