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 operating Income in each of five years as follows: Sales $ 2,735,000 Variable expenses 1.000.000 Contribution margin 1, 735,000 Fixed expenses Advertising, salaries, and other faxed out- of-pocket costs $ 735,000 Depreciation 595,000 Total fixed expenses 1,230,000 Het operating income 5 405,000 Click here to view Exhibit 148.1 and Exhibit 148 2. to determine the appropriate discount foctor(s) using table 5. What is the profitability Index for this project? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Prottability Index 0.15