Question: A project has an initial cost of $ 3 2 7 , 7 7 8 . The project is expected to have cash flows of

A project has an initial cost of $327,778. The project is expected to have cash flows of $119,239 in year 1, $131,887 in year 2 and $512,882 in year 3. What is the profitability index for this project if the discount rate is 0%? Enter your answer to two decimal places.

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