Hats \& Bats is trying to decide if a new project is worth investing money into. The project would require $341 as initial investment. In the next 3 years it would generate profits in the following amounts: $66 in year 1,$126 in year 2 , and $53 in year 3 . The typical rate of return for projects like this is 8.4 percent. Calculate the profitability index of this proposed project