Tempest Industries Inc. is considering a 13-year project that requires an initial investment of $50 million. The project provides no annual cash inflow for the first five years, an annual cash inflow of $20 million for the subsequent five years, and an annual cash inflow of $25 million during the final three years. If the firm's required return for this project is 15%, what is the profitability index (PI) of this project?
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