Assume the following information for a capital budgeting proposal with a five-year time horizon ise Checker Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $ 390,000 18 $ 300,000 $ 130,000 $ 50,000 $ 40,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tabl Assuming a discount rate of 12%, this proposal's profitability index is closest to Multiple Choice 1.20