Karman Corporation is evaluating four different real estate investments. Management plans to buy the properties today and sell them three years from today. The annual discount rate for these investments is 11%. The following table summarizes the initial cost and the sale price in three years for each property: Karman Corporation has a total capital budget of $640,000 to invest in properties. Which properties should it choose? Project Cost Today Sale Price in Year 3 Parkside Acres $570,000 $1,070,000 Real Property Estates $850,000 $1,450,000 Lost Lake Properties $560,000 $960,000 Overlook $70,000 $270,000 The profitability index for Parkside Acres is (Round to two decimal places.)