$6$D $($Profitability Index$)$

Question $3(1$ point$)$

Good Morning Food, Inc. is using the profitability index $($PI$)$ when evaluating projects. You have to find the PI for the company's project, assuming the company's cost of capital is $10\mathrm{.}92$ percent. The initial outlay for the project is $$389,040.$ The project will produce the following end$-$of$-$the$-$year after$-$tax cash inflows of

Year $1$: $$132,992$

Year $2$: $$6,144$

Year $3$: $$444,773$

Year $4$: $$193,188$

Round the answer to two decimal places.