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Assume the following information for a capital budgeting proposal with a five-year time horizon: $385,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues

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Assume the following information for a capital budgeting proposal with a five-year time horizon: $385,000 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, eee $ 5 , $ 40, eee Click here to view Exhibit. 148.1 and Exhibit 14B-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

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