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Assume the following information for a capital budgeting proposal with a five-year time horizon $ 375,000 Initial investment: Cost of equipment (zero salvage value) Annual

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Assume the following information for a capital budgeting proposal with a five-year time horizon $ 375,000 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 14B-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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