4) ABC Company is considering two possible expansion plans. One proposal involves opening 5 stores in Ontario at the cost of $1,830,000 Under the other proposal, the company would focus on Quebec and open 6 stores at a cost of $2,400,000. The following information is available Estimated Mo Ontario proposal Quebec proposal $1,830,000 8 years Required investment $2,400,000 Estimated residual life $50,000 8 years $40,000 Estimated annual cash inflows over the next 8 years $200,000 $900,000 Required rate of retum 10% 10% The net present value of the Buffalo proposal is closest to