Assume the following information for a capital budgeting proposal with a five-year time horizon: $360,000 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 $130,000 $ 50,000 $ 40,000 Click here to view Exhibit 148.1 and Exhibit 14B 2. to determine the appropriate discount factors) using the tables provided Assuming a discount rate of 12%, this proposal's profitability index is closest to Assuming a discount rate of 12% this proposal's profitability index is closest to Multiple Choice 130 C 125 139