[The following information applies to the questions displayed below.) Cardinal Company is considering a five-year project that would require a $2,870.000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%. The project would provide net operating income in each of five years as follows: Sales $ 2,861,888 Variable expenses 1,101,880 Contribution margin 1,768,888 Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 785,eee Depreciation 574, Total fixed expenses 1,279,289 Net operating income $ 481,800 Click here to view Exhibit 148-1 and Exhibit 14B-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.) Profitability index