Assume the following information for a capital budgeting proposal with a five$-$year time horizon: Initial investment: Cost of equipment $($zero salvage value$)$$ $580,000$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 $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.This proposals internal rate of return is closest to A$.3\%$ B $8\%$ C $1\%$ D $6\%$