Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 8.31 percent. What is the PI of a project if the initial costs are $1,656,922 and the project life is estimated as 10 years? The project will produce the same after-tax cash inflows of $562,019 per year at the end of the year. Round the answer to two decimal place