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You are asked to evaluate a new tractor project for John Deere. The engineers and marketing and accounting folks have pooled their efforts to generate

You are asked to evaluate a new tractor project for John Deere. The engineers and marketing and accounting folks have pooled their efforts to generate the following expectations about the project's cash flows (FCFF): CF0 = -80.4, CF1 = 20, CF2 = 55, CF3 = 60, CF4 = 25, CF5 = 10. If the WACC is 10%, what will be the profitability index for this project? (write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places.

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