Gibco, Inc. is considering a project that is expected to produce the following cash flows over the next five years: $28,500, $27,900, $50000, $33,000, and $35,000 respectively. Gibco has $98,000 available, which is the amount needed to initiate the project. What is the Profitability Index of this project if the required rate of return is 4%? The first cash flow is one year from now.