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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 11.75 percent. The initial outlay is $323,955.

Year 1: $173,107

Year 2: $168,584

Year 3: $197,292

Year 4: $179,973

Year 5: $141,920

Round the answer to two decimal places.

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