Hats & Bats is trying to decide if a new project is worth investing money into. The project would require $327 as initial investment. In the next 4 years it would generate profits in the following amounts: $71 in year 1, $105 in year 2, $60 in year 3, and $142 in year 4. The typical rate of return for projects like this is 8.7 percent.

Calculate the profitability index of this proposed project.