Show the work please.

# 34 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.86 million and create incremental cash flows of $514,514.00 each year for the next five years. The cost of capital is 8.43%. What is the profitability index for the J-Mix 2000? Submit Answer format: Number: Round to: 3 decimal places