Question 1 (1 point) Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 11.85 percent. The initial outlay is $312,731. Year 1: $132,906 Year 2: $138,744 Year 3: $175,703 Year 4: $187,615 Year 5: $193,983 Round the answer to two decimal places