Your firm has limited capital to invest and is therefore

interested in comparing projects based on the profitability index

$($PI$),$ as well as other measures. What is the PI of the project with

the estimated cash flows below? The required rate of return is

$19\mathrm{.}0\%.$ Round to $3$ decimals.$$Year $0$ cash flow $=-940,000$Year $1$ cash flow $=-150,000$Year $2$ cash flow $=540,000$Year $3$ cash flow $=430,000$Year $4$ cash flow $=480,000$Year $5$ cash flow $=500,000$