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The following information is provided by Doppler​ Systems:

Project A

Project B

Project C

Project D

Initial investment

$436,000

$220,000

$550,000

$514,000

PV of cash inflows

$570,000

$386,000

$812,000

$404,000

Payback period​ (years)

3.6

3.2

4.0

2.0

NPV of project

$134,000

$ $166,000

$262,000

$110,000

Calculate the profitability index for Project A.​ (Round your answer to two decimal​ places.)

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