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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 $2,975,000 investment in

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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 $2,975,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%. The project would provide net operatir income in each of five years as follows Click here to view Exhisit 78-1 and Exhibit 78.2, to determine the appropriate discount factor(s) using table. 6. What is the profitabillty index for this project? Note: Round your answer to 2 decimal places

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