Question 2 (1 point) Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 5.21 percent. What is the PI of a project if the initial costs are $1,789,952 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $614,382 per year at the end of the year. Round the answer to two decimal places. Your Answer: Answer Next Page Page 2 of 4