work #$6$D $($Profitability Index$)$

$0$:$00$

This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems.

Question $1(1$ point$)$

Find the profitability index $($PI$)$ for the following series of future cash flows, assuming the company's cost of capital is $7\mathrm{.}45$ percent. The initial outlay is $$302,607.$

Year $1$: $$146,111$

Year $2$: $$177,053$

Year $3$: $$144,232$

Year $4$: $$177,284$

Year $5$: $$151,227$

Round the answer to two decimal places.