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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 12.03 percent. The initial outlay is $494,678. Year 1: $142,447

Year 2: $154,085

Year 3: $197,241

Year 4: $194,069

Year 5: $121,881

Round the answer to two decimal places.

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