6 Assume the following information for a capital budgeting proposal with a five-year time horizon 1 points Initial investment: Cost of equipment (zero salvage value) $ 445,000 Annual revenues and costs: Sales revenues $ 300,000 Variable expenses $ 130,000 Depreciation expense $ 50,000 Fixed out-of-pocket costs $ 40,000 Click here to view Exhibit 148.1 and Exhibit 148-2 to determine the appropriate discount factors) using the tables provided 8 01:59:08 Assuming a discount rate of 12%, this proposal's profitability index is closest to 1.05. O 1.00. 1.10. O O 1.14. O