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You are offered an investment with returns of $ 1,142 in year 1, $ 4,744 in year 2, and $ 3,365 in year 3. The

You are offered an investment with returns of $ 1,142 in year 1, $ 4,744 in year 2, and $ 3,365 in year 3. The investment will cost you $ 8,906 today. If the appropriate Cost of Capital (quoted interest rate) is 11.2 %, what is the Profitability Index of the investment? Enter your answer to the nearest .01.

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