Lithium, Inc. is considering a capital budgeting project that costs $121,493 at initiation and is expected to generate $64,543 in year one, $73,522 in year two, $53,,667 in year three and $46,814 in year four. Lithium, Inc. hurdle rate for these projects is 14%. What is the profitability index for this project?

Round your calculation to the nearest 0.01, i.e., two decimal places.

*please do not use excel*

I have access to a calculator if needed for this