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Required information [The following information applies to the questions displayed below] Cardinal Company is considenng a five-year project that would require a $2.955.000 investment in

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Required information [The following information applies to the questions displayed below] Cardinal Company is considenng 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 rote is 16%. The project would provide net operating income in each of five years as follows. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. 5. What is the profitability index for this project? (Round your answer to 2 decimal places.)

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