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 14.29 percent. The initial outlay for the project is $431,381. The project will produce the following end-of-the-year after-tax cash inflows of

Year 1: $181,353

Year 2: $87,410

Year 3: $375,073

Year 4: $274,117

Round the answer to two decimal places.

Answer rating: 100% (QA)

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