Your firm is going to purchase a new piece of equipment. The equipment costs $2,493,000. The project will last 4 years. It will generate free cash flows of $636,000 in year 1. The project will generate free cash flows of $1,026,000 in year 2. In the third year the project will generate free cash flows of $1,548,000. In the fourth year, the project will generate free cash flows of $2,840,000. The required rate of return on th project is 12.1% compounded annually. What is the project's Profitability Index? Your answer should be accurate to two decimal places. Your