Noble Tech is considering the following project. The estimated cost of the project in the current year is $739,000. The project is expected to generate cash flows in the amount of $223,000 in the first and second years, followed by $381,000 in years 3 through year 5. No cash flow is expected after year 5. The company uses a discount rate of 14% for similar projects. Calculate the profitability index of this project. (Round your answer to two decimal places).