M&H Inc. delivers groceries for seniors. The company is considering purchasing a new van for $27,000. The van is expected to last 7 years and have no salvage value. M&H will use the straight-line depreciation method. M&H estimates the van will generate an annual cash inflow of $9350 per year. M&H's cost of capital is 10%. PV Factor: The factor from single sum table (Table 2) for 10%, 7 years is: 0.51316 PV Annuity Factor: The factor from annuity table (Table 4) for 10%, 7 years is: 4.86842 Instruction: Calculate the profitability index (around the answer to two decimal places)