Assume the following Information for a capital budgeting proposal with a five-year time horizon: Initial investment: Cost of equipment (zero salvage value) $ 510,880 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 128-1 and Exhibit 12B-2 to determine the appropriate discount factoris) using the tables provided. This proposal's Internal rate of return is closest to: Multiple Choice O 996. 13%. 696