SP Pointer Construction is considering whether or not to undertake a project that would expand its operations. Based on the cash flows listed below and with a required rate of return of 12%, what's the Profitability Index of this project? Round your answer to two decimal places. Cash Flows: Year 0: -$150,000 Year 1: $18,000 Year 2: $36,000 Year 3: $40,000 Year 4: $52,000
