for a capital budgeting proposal with a five-year time horizon H 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 Click here to view Exhibit 14B-1 and Exhibit 14B-2 to determine the appropriate discount factors) using the tables provided $ 300,000 $ 13 , $ 50,000 $ 40,000 Assuming a discount rate of 12%, this proposal's profitability index is closest to Multiple Choice 120