Assume the following information for a capital budgeting proposal with a five-year time horizon: $ 470,000 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. This proposal's internal rate of return is closest to: Multiple Choice 9%. O 16%. O 11%. 14%