comprehens... LIST Of American Ke.. Ims.pennfoster.eau... Quiz i Saved Assume the following information for a capital budgeting proposal with a five-year time horizon: Initial investment: Cost of equipment (zero salvage value) $ 490, 000 Annual revenues and costs: Sales revenues $ 300, 000 Variable expenses $ 130,000 Depreciation expense $ 50, 000 Fixed out-of-pocket costs $ 40, 000 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. If the company's discount rate is 12%, then the net present value for this investment is closest to