Noble Tech is considering the following project. The estimated cost of the project in the current year is $822,000. The project is expected to generate cash flows in the amount of $356,000 in the first and secon year, followed by $304,000 in year 3 through year 5. No cash flow is expected after year 5. The company uses a discount rate of 9% for sim projects. Calculate the profitability index of this project. (Round your answer to two decimal places). K

Noble Tech is considering the following project. The estimated cost of the project in the current year is $822,000. The project is expected to generate cash flows in the amount of $356,000 in the first and secon year, followed by $304,000 in year 3 through year 5 . No cash flow is expected after year 5 . The company uses a discount rate of 9% for sim projects. Calculate the profitability index of this project. (Round your answer to two decimal places)