Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 5.94 percent. What is the Pl of a project if the initial costs are $1,772,185 and the project life is estimated as 5 years? The project will produce the same after-tax cash inflows of $380,645 per year at the end of the year. Round the answer to two decimal places