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Assume the following information for a capital budgeting proposal with a five-year time horizon: Initial investment: Cost of equipment (zero salvage value) $400, 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 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: Multiple Choice 1.22 1.26 1.17. O 1.12