Question 32 (1 point) Gold Mining, Inc. is using the profitability index (Pl) when evaluating projects. Gold Mining's cost of capital is 12.28 percent. What is the Pl of a project if the initial costs are $1,558,882 and the project life is estimated as 6 years? The project will produce the same after-tax cash inflows of $634,071 per year at the end of the year. Round the answer to two decimal places. Your Answer: Answer Next Page Page 32 of 35