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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 10.72 percent. The initial outlay is $361,112.

Year 1: $192,537

Year 2: $183,825

Year 3: $174,924

Year 4: $132,262

Year 5: $148,390

Round the answer to two decimal places.

Financial Management, Finance

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