Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 15.00 percent. What is the Pl of a project if the initial costs are $1,867,883 and the project life is estimated as 9 years? The project will produce the same after-tax cash inflows of $477,932 per year at the end of the year. Round the answer to two decimal places