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EXHIBrT 12B-2. Present Value of an Annuity of $1 in Arrears: 21[1ti+F1] EXHIBIT 128-1 Present Value of 51: (1+)1 Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factoris) using table. 5. What is the project profitability index for this project? (Round your answer to 2 decimal places.)