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Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 12.57 percent. What is the Pl of

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Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 12.57 percent. What is the Pl of a project if the initial costs are $1,477,174 and the project life is estimated as 6 years? The project will produce the same after-tax cash inflows of $519,138 per year at the end of the year. Round the answer to two decimal places. Your

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