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 $.$ The following table summarizes the initial cost and the sale price in years for each$$ property:

Cost Today

Sale Price in Years

Parkside Acres

Real Property Estates

Lost Lake Properties

Overlook

Kartman has a total capital budget of to invest in properties. Which properties should it$$ choose?three years for each property:

$\backslash$table$[[,$Cost Today,Sale Price in Three Years$],[$Parkside Acres,$$490,000,$$$950,000$

Question content area bottom

Part $1$

The profitability index for Parkside Acres is

$$

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