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Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 6.10 percent. The initial outlay is $383,132.

Year 1: $183,840

Year 2: $120,226

Year 3: $153,813

Year 4: $126,533

Year 5: $186,994

Round the answer to two decimal places.

Financial Management, Finance

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