Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the PI for the companys project, assuming the companys cost of capital is 5.66 percent. The initial outlay for the project is $489,725. The project will produce the following end-of-the-year after-tax cash inflows of

Year 1: $150,171

Year 2: $157,934

Year 3: $153,159

Year 4: $495,720

Round the answer to two decimal places.

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