Assume the following information for a capital budgeting proposal with a five-year time horizon. Initial investment : Cost of equipment (zero salvage value) $ 350,000 Annual revenues and costs: Sales revenues $ 300,000 Variable expenses $ 130, 000 Depreciation expense $ 50,000 Fixed out-of-pocket costs $ 40, 900 Click here to view Exhibit 12B-1 and Exhibit 12B-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