of 15 Required Information The Foundational 15 [LO12-1, L012-2, L012-3, L012-5, L012-6] [The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Book $2,746.000 3,126.000 1.620,000 Sales Variable expenses Contribution margin Tixed expenses Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total Fixed expenses tot operating income $615.000 593,000 groncos 1.198,000 $422.000 Click here to view Exhibit 128:1 and Exhibit 28.2. to determine the appropriate discount factors) using table Foundational 12-5 5. What is the project profitability index for this project? (Round your answer to 2 decimal places.) Project profitability index