Hats & Bats is trying to decide if a new project is worth investing money into. The project would require $213 as initial investment. In the next 3 years it would generate profits in the following amounts: $84 in year 1, $95 in year 2, and $78 in year 3. The typical rate of return for projects like this is 7.9 percent.

Calculate the profitability index of this proposed project.