Assume the following information for a capital budgeting proposal with a five-year time horizon: $ 445,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $ 380,000 $ 138,000 $ 50,000 $ 40,000 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 Multiple Choice O 1.05. O O O 1.00. (0 1.14. O 1.10. O