Hogwarts Inc. is considering a project with the following cash flows: Initial cash outlay = $2,500,000 After-tax net operating cash flows for years 1 to 4 = $795,000 per year Additional after-tax terminal cash flow at the end of year 4 = $550,000 Compute the profitability index of this project if Hogwarts' WACC is 11%. Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box