Find the profitability index (PI) for a proposed project costing $70,334. Assume that the appropriate cost of the capital for the projects of this risk level, at this company is 10.66%, and the estimated cash flows for the life of the project are as follows (use 4 decimal place precision) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 $2,685 $2,766 $6,980 $4,278 $14,611 $11,010 $5,994