Question: A project is expected to last for 4 years and has annual net cash inflows of $19743 per year. The project's initial investment is $45784

A project is expected to last for 4 years and has annual net cash inflows of $19743 per year. The project's initial investment is $45784 and the firm's weighted average cost of capital 10.5 per cent. What is the project's profitability index? Please round your answer to two (2) decimal places. i.e. An answer of 1.2645 should be written as 1.26

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