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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 10.43 percent. The initial outlay is $342,630. Year 1: $175,942 Year 2: $193,176 Year 3: $194,578 Year 4: $157,556 Year 5: $176,510 Round the answer to two decimal places.

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