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Given the following cash flows for Project M in various years. Initial investment CO = - $10,000. Cash inflows (year1 to 4) : C1 =

Given the following cash flows for Project M in various years. Initial investment CO = - $10,000. Cash inflows (year1 to 4) : C1 = +$2000, C2 = +$3000, C3= +$5000 , C4= +$6000.

Calculate the Profitability Index for the project at the discount rate of 10%. Give your answer to 2 decimals.

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