31 Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $830,000 $50,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $135,000 $83,000 Residual value $50,000 Depreciation method Straight-line Straight-line Required rate of return 16% How long is the payback period for Proposal X? O A. 10.00 years OB. 6.15 years O C. 12.00 years OD. 6.14 years Click to select your