ABC Inc. is considering an investment of $1,629 million with after-tax cash inflows of $347 million

ABC Inc. is considering an investment of $1,629 million with after-tax cash inflows of $347 million per year for six years and an additional after-tax salvage value of 83 million in Year 6. The required rate of return is 5%. What is the investment’s Profitability Index (PI)?Enter your answer rounded off to two decimal points.

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