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Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $3,025,000 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 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. 5. What is the project profitability index for this project? (Round your answer to 2 decimal places.) EXHIBIT 12B-1 Present Value of $1;(1+r)n1 EXHIBIT 12B-2 Present Value of an Annuity of $1 in Arrears; r1[1(1+r)21]