Kartman 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 $12\%.$ The following table summarizes the initial cost and the sale price in three years for each$$ property:

Cost Today

Sale Price in Three Years

Parkside Acres

$ $460$ comma $000$

$ $920$ comma $000$

Real Property Estates

$810$ comma $000$

$1$ comma $410$ comma $000$

Lost Lake Properties

$670$ comma $000$

$1$ comma $070$ comma $000$

Overlook

$170$ comma $000$

$350$ comma $000$

Kartman has a total capital budget of $ $810$ comma $000$ to invest in properties. Which properties should it$$ choose?

Question content area bottom

Part $1$

The profitability index for Parkside Acres is

$$

enter your response here. $($Round to two decimal$$ places.$)$