1. Your firm is considering an investment that will cost $300,000 today. The investment will produce cash flows of $50,000 in year 1, $150,000/year in years 2 through 4, and $100,000 in year 5. The discount rate that your firm uses for projects of this type is 12%. What is the investment's profitability index? Round intermediate steps to four decimals and your final answer to two decimals.

   		1.4102
   		1.3156
   		2.4102
   		.4102