Assume the following information for a capital budgeting proposal with a five-year time horizon $400,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $300,000 $13 $139,800 $ 50,000 $ 40,000 Click here to view Exhibit 148-1 and Exhibit 143-2. to determine the appropriate discount factor(s) using the tables provided, Assuming a discount rate of 12%, this proposal's profitability index is closest to: Multiple Choice 126 117 1.22 112